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7- Which one of the following best describes a master budget? a. It is an interrelated long-term plan and operating budgets. b. It includes interrelated

7- Which one of the following best describes a master budget?

a.

It is an interrelated long-term plan and operating budgets.

b. It includes interrelated financial budgets and operating budgets. c. It is all the accounting journals and ledgers used by a company. d.

It includes financial budgets and a long-term plan.

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