Which statements is not correct concerning the cash budget

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Question 1: Which of the following statements is NOT correct concerning the Cash Budget?

Multiple Choice

Option 1: The Cash Budget should be prepared before the Budgeted Income Statement.

Option 2: It is not necessary to make any other budgets before preparing the Cash Budget.

Option 3: The Cash Budget builds on earlier budgets and schedules as well as additional data.

Option 4: The Cash Budget should be prepared before the Budgeted Balance Sheet.

Reference no: EM132514742

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