Which of the Following Statements Regarding the Capital Expenditures Budget

Multiple Choice

Which of the following statements regarding the capital expenditures budget is correct?

A) Installment payments related to the purchase of long-term assets are included in the capital expenditures budget.
B) Capital expenditures are purchases of long-term assets, such as office supplies.
C) The decision to purchase long-term assets is part of a strategic plan.
D) Capital expenditures are inexpensive assets.