In a capital budgeting context, what is meant by independent periodic cash flows and under what conditions

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In a capital budgeting context, what is meant by independent periodic cash flows and under what conditions might they be expected to occur?
Capital Budgeting
Capital budgeting is a practice or method of analyzing investment decisions in capital expenditure, which is incurred at a point of time but benefits are yielded in future usually after one year or more, and incurred to obtain or improve the...
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Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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