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Indicate whether the statements are true or false. The sales budget depends on information provided by the purchases budget. A cash budget is a plan
Indicate whether the statements are true or false. The sales budget depends on information provided by the purchases budget. A cash budget is a plan that includes the expected cash receipts and cash expenditures during each of the periods that it covers. The production budget is derived from the sales budget. The master budget is a small component of the comprehensive budget. One of the significant effects of formal budgeting is the negative impact it can have on employee attitudes. A capital expenditures budget should include a list of equipment to be scrapped and additional equipment to be purchased. 
Indicate whether the statements are true or false.
The sales budget depends on information provided by the purchases budget.
A cash budget is a plan that includes the expected cash receipts and cash expenditures during each of the periods that it covers.
The production budget is derived from the sales budget.
The master budget is a small component of the comprehensive budget.
One of the significant effects of formal budgeting is the negative impact it can have on employee attitudes.
A capital expenditures budget should include a list of equipment to be scrapped and additional equipment to be purchased.
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