Which of the Following Is False with Regard to Fixed

question 19

Multiple Choice

Which of the following is false with regard to fixed asset processes

• A)Often fixed assets require a large outlay of cash and companies should have in place special processing for expenditures that exceed a given dollar limit.
• B)A capital budget is a document that outlines all fixed assets that are budgeted to be purchased.
• C)Fixed assets require recording in both the general ledger as well as a subsidiary ledger
• D)A capital budget is a document that outlines the capital that is to be rased for fixed assets that are budgeted to be purchased.

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