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18. (TCO 10) Which of the following statements regarding budget reports is incorrect? (Points: 5) The cost of budget reports should not outweigh the benefits.

18. (TCO 10) Which of the following statements regarding budget reports is incorrect? (Points: 5) The cost of budget reports should not outweigh the benefits. Budget reports are used for planning, control, and information. Reports prepared for upper management typically have fewer details than reports prepared for lower-level managers. Reports are prepared more frequently for upper management than for lower-level managers.

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