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Which of the following is the logical second step in the budgeting process? Answers: A. Decide how much is to be saved or invested. B.

Which of the following is the logical second step in the budgeting process?

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A. Decide how much is to be saved or invested.

B. List all the categories and amounts of fixed and discretionary expenditures.

C. Estimate all of the income and income sources for the budget period.

D. Eliminate all discretionary expenditures.

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