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Z 11) The budgeted income statement shows budgeted amounts for assets, liabilities, and equity during the budget period. Version 1 true false 12) The

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Z 11) The budgeted income statement shows budgeted amounts for assets, liabilities, and equity during the budget period. Version 1 true false 12) The production budget is derived from the sales budget and the company's desired inventory levels. true false

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