Which of the following statements is incorrect?
A) Capital budgeting affects the master budget because it considers what assets a company should have and use when achieving its budgets.
B) Capital budgeting involves decisions about whether to buy or lease equipment
C) Capital budgeting focuses on short-term planning.
D) Cash outflows for capital budgeting will appear on the cash budget.

Question

Quizplus · Accepted Answer

Capital budgeting actually focuses on long-term planning, typically involving investments in assets that generate cash flows over several years.

Which of the Following Statements Is Incorrect