单选题 Which of the following statements concerning the principles underlying the capital budgeting process is most accurate?

A、 Cash flows should be based on opportunity costs.
B、 Financing costs should be reflected in a project"s incremental cash flows.
C、 The net income for a project is essential for making a correct capital budgeting decision.

【正确答案】 A

【答案解析】[解析] 资本预算过程应遵循以下基本原则：
(1)应基于现金流情况，而不是会计收益进行各项投资决策；
(2)现金流的测算应基于机会成本；
(3)应当充分考虑到现金流的时间价值；
(4)现金流的测算应基于其税后金额；
(5)融资成本应反映在项目的必要回报率中。
由上述内容可知，选项A的叙述最为准确。