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Which of the following is not one of the purposes of the budgeted income statement? A) To serve as a benchmark against which subsequent company
Which of the following is not one of the purposes of the budgeted income statement?
A) To serve as a benchmark against which subsequent company performance can be measured
B) To show the companys planned profit for the budget period
C)To serve as a key source of information for preparing the sales budget
D)To project budgeted income and expenses for a budget period
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