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Which of the following statements about budgeted financial statements is NOT true A) Budgeted finance statements are hypothetical B) Development of budgeted financial statement is

Which of the following statements about budgeted financial statements is NOT true

A) Budgeted finance statements are hypothetical

B) Development of budgeted financial statement is facilitated by spreadsheet programs.

C) Budgeted financial statements need to adhere to the same formal asaudited financial statements.

D) Budgeted financial statements reflect the results of operations assuming all budgeted predictions are correct.

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