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The payment made in lieu of purchase of fixed asset is

A. Cash payment for capital transaction

B. Cash payment for non-operating expenses

C. Cash payment for business operations

D. None of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above