Select the correct statement regarding flexible budgets. Multiple Choice 1.A flexible budget can only be...
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Accounting
Select the correct statement regarding flexible budgets. Multiple Choice
1.A flexible budget can only be prepared for a single level of activity.
2.A flexible budget is not used for planning.
3.A flexible budget shows expected revenues and costs at a variety of activity levels.
4.A flexible budget is also known as the master budget.
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