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Which of the following statements is not correct? A The revenue budget is the starting point in preparing the master budget. B The revenue budget

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Which of the following statements is not correct? A The revenue budget is the starting point in preparing the master budget. B The revenue budget is constructed by multiplying the expected sales in units by the sales price. The production budget is not based on the revenue budget. The cash budget is used to determine whether the firm will have enough cash on hand

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