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Which is the correct order of components in a master budget? a) Sales budget, cash budget, budgeted balance sheet, budgeted income statement. b) Sales budget, cash budget, selling and administrative expense budget, budgeted income statement. O c) Sales budget, prodyction budget, operating budget, selling and administration expenses budget, income statement, financial budget. d) Cash budget, selling and administrative expense budget, budgeted income statement, budgeted balance sheet.

Which is the correct order of components in a master budget? a) Sales budget, cash budget, budgeted balance sheet, budgeted income statement. b) Sales budget, cash budget, selling and administrative expense budget, budgeted income statement. O c) Sales budget, prodyction budget, operating budget, selling and administration expenses budget, income statement, financial budget. d) Cash budget, selling and administrative expense budget, budgeted income statement, budgeted balance sheet.

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 16MC: Which of the following includes only financial budgets? capital asset budget, budgeted income...
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Which is the correct order of components in a master budget? a) Sales budget, cash budget, budgeted balance sheet, budgeted income statement. b) Sales budget, cash budget, selling and administrative expense budget, budgeted income statement. O c) Sales budget, prodyction budget, operating budget, selling and administration expenses budget, income statement, financial budget. d) Cash budget, selling and administrative expense budget, budgeted income statement, budgeted balance sheet.
Transcribed Image Text:Which is the correct order of components in a master budget? a) Sales budget, cash budget, budgeted balance sheet, budgeted income statement. b) Sales budget, cash budget, selling and administrative expense budget, budgeted income statement. O c) Sales budget, prodyction budget, operating budget, selling and administration expenses budget, income statement, financial budget. d) Cash budget, selling and administrative expense budget, budgeted income statement, budgeted balance sheet.
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