Capital expenditure is a:
A) short-term investment made by a business to obtain future net cash receipts totalling more than the investment.
B) long-term investment made by a business to obtain future net cash receipts totalling more than the investment.
C) short-term investment made by a business to obtain profit totalling more than the investment.
D) long-term investment made by a business to obtain assets totalling more than the investment.
Correct Answer:
Verified
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