130.40.The first step in the capital budgeting process is

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The first step in the capital budgeting process is the identification of potential projects or investments that could generate future cash flows. This involves analyzing the company's goals, objectives, and strategies, as well as assessing the risks and benefits of different investment opportunities. Once the potential projects have been identified, the company can then move on to the selection, implementation, and follow-up stages of the capital budgeting process.

13040The First Step in the Capital Budgeting Process Is