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    Cost Accounting Study Set 1
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    Exam 6: Master Budget and Responsibility Accounting
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    The Revenue Budget and the Budgeted Income Statement Are Used
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The Revenue Budget and the Budgeted Income Statement Are Used

Question 111

Question 111

True/False

The revenue budget and the budgeted income statement are used to prepare the budgeted balance sheet and the budgeted statement of cash flows.

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