Which of the following is part of a project's operations phase?

Name: Which of the following is part of a project's operations phase?
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Question

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Capital budgeting recognizes cash flows in the three phases of a project. Collections of accounts receivable is an operations cash flow. However, depreciation is not a cash flow and the cost of financing capital expenditures is considered separately from capital budgeting, often under the topic of financial management.

Which of the Following Is Part of a Project's Operations