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2)Which of the following statements are true for budgets in general? A) They create a cost awareness with an organization B) They create income awareness

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2)Which of the following statements are true for budgets in general? A) They create a cost awareness with an organization B) They create income awareness within an organization C) They are written expression in quantitative terms of an organizations plans D) All of the statements are true E) Non of the statements are true 3) A company's balance sheet contains all of the following except the companies A) Assets B) New worth C) Liabilities D) Balance sheet contains all of the items listed E) Revenue 4) In order to buy a new photocopier for your business you take out a small loan. The loan lasts for three years and has a fixed monthly payment of $125 /month. The amount that you would record onto your company's spreadsheets as long as a long term liability is... (please use $ when you write your answer)

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