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Which of the following budgets is prepared last? a. Budgeted balance sheets are not dependent upon budgeted income statements b. Budgeted income statements include amortization

Which of the following budgets is prepared last?

a. Budgeted balance sheets are not dependent upon budgeted income statements

b. Budgeted income statements include amortization expenses

c. Cash budgets include amortization expenses

d. Production budget shows the cost of the raw material to be purchased

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