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1. How does budgeting provide important information to managers and operating personnel? 2. Explain at least three times of budgets. 3. Explain how a flexible

1. How does budgeting provide important information to managers and operating personnel?

2. Explain at least three times of budgets.

3. Explain how a flexible budget is used?

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Financial Reporting and Analysis

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Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer

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