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What is the CORRECT terminology for reactions A and B in the diagram?
Revenue Expenditures
Payments made for ordinary maintenance of an asset or unnecessary or unreasonable situations.
Plant Assets
Long-term tangible assets used in the production of goods or services.
Capital Expenditures
Original cost of an asset as well as additions or enlargements, extraordinary repairs, and betterments.
Budgeting
The process of creating a plan to spend your money, allocating future income towards expenses, savings, and debt repayment.
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