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What Is the Sequence of Steps in Preparing the Master

Question 85

Multiple Choice

What is the sequence of steps in preparing the master budget?


A) Output from the financial budget is used to prepare the operating budget.
B) Output from the operating budget is used to prepare the financial budget.
C) Output from the financial budget is used to prepare the income statement.
D) Output from the financial budget is used to prepare the operating expense budget.

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