Which of the Following Statements Is Incorrect

question 78

Multiple Choice

Which of the following statements is incorrect?

• A) Capital budgeting affects the master budget because it considers what assets a company should have and use when achieving its budgets.
• B) Capital budgeting involves decisions as whether to buy or lease equipment.
• C) Capital budgeting focuses on short-term planning.
• D) Cash outflows for capital budgeting will appear on the cash budget .

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Definitions:

Bananas

Bananas are a type of edible fruit, botanically a berry, produced by several kinds of large herbaceous flowering plants in the genus Musa.

Preferences

Economic term referring to the subjective tastes and desires that influence consumer choices and priorities.

Income

Payments regularly received for work done or money invested.

Prices

The amount of money required to purchase a good or service, indicating the value placed on it by the market.