Which of the following shows a firm's spending plans on fixed assets such as large equipment?
A) capital budget
B) operating budget
C) cash budget
D) surplus budget

Question

Quizplus · Accepted Answer

A capital budget is a financial plan that shows a firm's spending plans on fixed assets such as large equipment, buildings, and land. An operating budget shows a company's projected revenue and expenses for a given period, a cash budget outlines a firm's anticipated cash inflows and outflows, and a surplus budget is a plan for the use of excess funds beyond what is needed to meet current obligations.

Which of the Following Shows a Firm's Spending Plans on Fixed