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It is not necessary to complete a full operating budget and set of budgeted financial statements. Everyone knows cash is the most important consideration for

It is not necessary to complete a full operating budget and set of budgeted financial statements. Everyone knows cash is the most important consideration for any business. Therefore, it is only necessary to prepare a cash budget.

Required: Explain whether or not you agree or disagree with this statement. Provide justification for your opinion.

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