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A company has formulated a master budget and components, and obtained buy in from managers. What is the next step in the budget cycle? A)

A company has formulated a master budget and components, and obtained buy in from managers. What is the next step in the budget cycle?

A) Compare actual results to budgeted amounts

B) Make corrective adjustments

C) Revise budget based on feedback

D) Start the budget planning process for the next year

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