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Part of the budgeting process is summarizing the financial statement effects on the budgeted income statement and the budgeted balance sheet. True False One of

Part of the budgeting process is summarizing the financial statement effects on the budgeted income statement and the budgeted balance sheet.

True

False

One of the major benefits of formal budgeting is the positive effect it can have on employee attitudes if applied correctly.

True

False

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