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Which of the following statements regarding the capital expenditures budget is correct?
A) Capital expenditures are purchases of long-term assets, such as office supplies.
B) Capital expenditures are inexpensive assets.
C) The decision to purchase long-term assets is part of a strategic plan.
D) Installment payments related to the purchase of long-term assets are included in the capital expenditures budget.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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