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All of the following are true of the budgeting process, EXCEPT: A. Budgets should be prepared at the financial statement line level. B. Income is

All of the following are true of the budgeting process, EXCEPT: A. Budgets should be prepared at the financial statement line level. B. Income is typically budgeted before expenses C. It facilitates "what if" scenarios. D. Provides a framework for a variety of essential financial services

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