Which of the Following Statements Concerning the Cash Budget Is

question 23

Multiple Choice

Which of the following statements concerning the cash budget is correct?

• A) Depreciation expense is not explicitly included, but depreciation effects are implicitly included in estimated tax payments.
• B) Cash budgets do not include financial expenses such as interest and dividend payments.
• C) Cash budgets do not include cash inflows from long-term sources such as bond issues.
• D) Statements a and b are correct.
• E) Statements a and c are correct.