a. Denise was questioned recently about her department's spending in excess of the budget. This is an
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b. The three major categories of the master budget are the operating budgets, the capital budgets, and the pro forma financial statements.
c. The master budget generally starts with preparation of a budgeted income statement.
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Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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