Budgeted income statement and balance sheet

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Reference no: EM13777528

A comprehensive or overall formal plan for a business that includes specific plans for expected sales, the units of product to be produced, the merchandise or materials to be purchased, the expense to be incurred, the long-term assets to be purchased, and the amounts of cash to be borrowed or loans to be repaid, as well as a budgeted income statement and balance sheet, is called a:

A. Production budget.

B. Capital expenditures budget

C. Cash budget.

D. Master budget.

E. Rolling budget.

Reference no: EM13777528

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