i. What income did ABC originally report for 2019 in connection with this investment? On comparative financial statements for 2019 and 2020, what figures should ABC report in connection ii. with this investment?
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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Please dear Expert I think the date is not accurate so please you can change the date to whatever you what just make suggestions about the date. that will not make any problems. thank you
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