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Question 3 Elsie is comparing her actual income and expenses to her budgeted amounts. She was pleased to see that her net income was higher

Question 3
Elsie is comparing her actual income and expenses to her budgeted amounts. She was
pleased to see that her net income was higher than expected by $2,000 due to a job
promotion, and for the most part her expenses matched her planned outflow, with the.
exception of the following:
Which statement is true?
a) Elsie had a negative forecasting error of $1,400.
b) Elsie had a negative forecasting error $2,600.
c) Elsie had a positive forecasting error of $1,400.
d) Elsie had a positive forecasting error of $2,600.
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