Which of the following statements about capital budgeting is TRUE()
A. Since capital budgeting is based on cash flows rather than net accounting income, changes in noncash balance sheet accounts such as inventory are not relevant to the analysis.
B. If an investment project would make use of property that the firm currently owns, the project should not be charged with the opportunity cost (rental income) of the property.
C. Any cash flow that can be classified as incremental is relevant in a capital budgeting project analysis.
参考答案：C
解析：
The other statements are false. Changes in working capital are relevant cash flows. If an investment project makes use of property that could be used elsewhere or leased, the project under analysis should be charged with the opportunity cost.