MULTIPLE CHOICE. Choose the one alternative that best oieles tie 1) When preparing the cash budget, all of the following should be considered except: A) Depreciation expense B) Cash payments for income taxes. C) Cash payments for merchandise. D) Cash payments for capital expenditures. E) Cash receipts from customers. 2) The usual starting point for preparing a master budget is forecasting or estimating: 2) A) Expenditures. B) Production. C) Income. D) Cash payments E) Sales