Which of the following is NOT a benefit of budgeting. (Select all the answers that apply) The budget provided the foundation for preparing financial statements included in the 10K report to the SEC. Requires all levels of management to plan ahead Provides definite objectives for evaluating performance Facilitates coordination of activities within the business It motivates personnel throughout organization to meet planned objectives The financial budget includes various specific elements. Which of the following items are included in the financial budget? (Select all the answers that apply) the budgeted income statement cash budget the capital expenditures budget budgeted balance sheet