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FASB, the AICPA, the SEC, none of the accounting rule making bodies require that corporations complete budgets. Almost all corporations do. Why do corporations spend

FASB, the AICPA, the SEC, none of the accounting rule making bodies require that corporations complete budgets. Almost all corporations do. Why do corporations spend the money to complete budgets if they are not required to do so? Another question. Do you have a personal budget? Why or why not

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