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In the Income Statement Reports, Once Budgets Are Set Up

Question 1

Multiple Choice

In the income statement reports, once budgets are set up -


A) budgeted amounts may be omitted from the reports
B) actual amounts are always greater than the budgeted amounts
C) actual amounts are always less than the budgeted amounts
D) actual amounts are always given as a percentage of the budgeted amounts

Correct Answer:

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