Procedure of capital budgeting
Write down the procedure of capital budgeting?
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The procedure of capital budgeting consists of long term investment generation where they are more reliable with the long term objectives. It estimates the incremental cash flow that has been a proposals given to the project that is been considered subsequent to taking tax. After this the cash flows estimations occurs and then selection of the project occurs that maximize the shareholders' wealth.
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Accounting Theory 7edition, by Godfrey J., Hodgson A., Tarca A., Hamilton J., and Holmes S. Chapter 2: Theory in Action 2.2 “Normative Theories of Investment” Chapter 3: Theory in Action 3.1 “Companies should come clean on the value of leases on their books” Chapter 5: Theory in A
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