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Which of the following statements is false with respect to a budgeted income statement? Multiple Choice Its net income should equal the net cash flows

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Which of the following statements is false with respect to a budgeted income statement? Multiple Choice Its net income should equal the net cash flows from the cash budget Its selling and administrative expenses may include depreciation expense. its interest expense flows from the financing section of the cash budget Its net income will impact the ending retained earnings balance shown on the balance sheet

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