Click to watch the Tell Me More Learning Objective 3 video and then answer the questions below.

1. A master budget includes ________.

1. financial budgets
2. a sales budget
3. expense budgets
4. All of these choices are correct.

2. The financial budgets provide information for the budgeted ________.

1. income statement
2. balance sheet
3. statement of cash flows
4. None of these choices are correct.