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Which of the following are the elements of disbursements in capital budgeting?

 1. Dividend                               2. Profits retained

 3. Loan to other  companies    4. Depreciation

 Select the correct answer using the codes given below

 (a) 1, 2 and 3      (b) 2, 3 and 4      (c) 1, 3 and 5     (d) 2, 4 and 5

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