Which of the following statements about budgeting is false? Multiple Choice Budgeting is an aid to planning and control. Budgets create standards for performance evaluation. Budgets help coordinate the activities of the entire organization. Budgeting forces managers to think ahead and formalize future objectives. Ahe master budget should only be prepared by top management. Long-term liability balances for the budgeted balance sheet are obtained from: 19 Multiple Choice The cash budget and capital expenditures budget The cash budget and sales budget. The cash budget and budgeted income statement. The sales budget and production budget The asset budget and debt budget