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Which of the following is least true of S₂?
Capital Expenditures Budget
The Capital Expenditures Budget is a plan for the funds to be spent on long-term assets that will have a useful life beyond the current fiscal year, such as buildings, equipment, or vehicles.
Plant Assets
Long-term tangible assets used in the operation of a business that are not intended for resale.
Cash Budget
A financial plan that estimates cash inflows and outflows over a specific period, often used to manage liquidity.
Capital Expenditures Budget
A plan that details a company's projected spending on long-term assets, such as property, plant, and equipment, which are expected to provide benefits over multiple years.
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