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1) Compare the process of budgeting revenues and expenses with the process of budgeting assets, liabilities, and owners equity and explain how this information is

1) Compare the process of budgeting revenues and expenses with the process of budgeting assets, liabilities, and owners equity and explain how this information is included in the QuickBooks budgeting process.

2) Explain the typical relationship between cost of goods sold and sales in the budgeting process.

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