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Which of the following statements is true of the capital expenditures budget?
A) It must be completed after the budgeted income statement is prepared.
B) It is a part of the financial budget.
C) It must be completed before the cash budget is prepared.
D) It includes the sales budget.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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