Final answer:
A cash budget would not include the sale of common stock.
Step-by-step explanation:
A cash budget is a financial tool used by businesses to forecast and manage their cash flows. It includes estimated inflows and outflows of cash over a specified period of time. In this case, the question asks what would not be included in a cash budget.
The answer is A. sale of common stock. A cash budget focuses on operating activities and short-term financing activities, while the sale of common stock is a long-term financing activity that does not directly impact cash flow in the short term.
So, while the payment of dividends, payment of property taxes, and plant and building depreciation would be included in a cash budget, the sale of common stock would not.