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Lena [83]
3 years ago
14

Components of the master budget are the operating budget, the capital expenditures budget, and the financial budget. Group of an

swer choices True False
Business
1 answer:
Elden [556K]3 years ago
5 0

Answer: True

Explanation:

A master budget refers to the lower-level budgets that is within an organization, and the financial plan, the cash flow forecasts, and the budgeted financial statements.

The master budget consists of three main components which are the operating budget, financial budget and the capital expenditures budget.

Therefore, the statement is true.

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