GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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“Capital budgeting is long term planning for making and financing proposed capital outlays.” Who said?
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Lynch
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J. Betty
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Philippatos
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Charles T. Horngreen
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Explanation:
Detailed explanation-1: -Capital Budgeting by Sandeep Goel.
Detailed explanation-2: -Richard and Greenlaw have referred to capital budgeting as acquiring inputs with long-run return. In the words of Lynch, “Capital budgeting consists in planning development of available capital for the purpose of maximizing the long term profitability of the concern.”
There is 1 question to complete.