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AICPA Exam CPA-Business Topic 3 Question 80 Discussion
Actual exam question for
AICPA's
CPA Business Environment and Concepts exam
Question #: 80
Topic #: 3
[All CPA Business Environment and Concepts Questions]
Topic #: 3
In planning and controlling capital expenditures, the most logical sequence is to begin with:
Suggested Answer:
C
Choice 'c' is correct. The most logical sequence in planning and controlling capital expenditures is to begin with identifying capital addition projects and other capital needs.
Choice 'a' is incorrect. Analyzing capital addition proposals omits other capital needs.
Choice 'b' is incorrect. Analyzing and evaluating all promising alternatives is beyond the scope of planning and controlling capital expenditures.
Choice 'd' is incorrect. Developing capital budgets is the same as planning and controlling capital expenditures.
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