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Business, 16.04.2020 04:44 danielahalesp87vj0

Which of the following statements is true of budgets?

A. Master budgets express management's operating and financial plans
B. Financial budgets are prepared before the master budget is prepared.
C. Operating budgets are prepared independently of the master budget.
D. The budgeted balance sheet is the first budget prepared as management is very much concerned with projected financial position.

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Which of the following statements is true of budgets?

A. Master budgets express managem...

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