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    Question

    Consider the following statement about Capital Budget:

    I. Capital Receipts II. Capital Payments III. Capital Spending Which of the above constitutes the Capital Budget?
    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D I and II both Correct Answer Incorrect Answer
    E II and III both Correct Answer Incorrect Answer

    Solution

    Capital receipts and capital payments together constitute the Capital Budget.

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