Asked by Abigail Costiniano on Jul 12, 2024
Verified
The capital expenditures budget is part of the planned investing activities of a company.
Capital Expenditures Budget
A budget that outlines planned investments in fixed assets, such as property, plant, and equipment, which are expected to provide benefits over multiple periods.
Investing Activities
Financial transactions and activities related to the acquisition or sale of long-term assets and investments.
- Comprehend the function of cash and capital expenditures budgets within financial planning.
Verified Answer
OW
Octavia WhiteJul 16, 2024
Final Answer :
True
Explanation :
The capital expenditures budget is a planned expense for long-term assets such as property, plant, and equipment, which fall under investing activities in the statement of cash flows. Therefore, it is true that the capital expenditures budget is part of the planned investing activities of a company.
Learning Objectives
- Comprehend the function of cash and capital expenditures budgets within financial planning.
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