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  3. which of these is not true about master budgets? o

Which of these is NOT true about master budgets? O The process is useful for...

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Accounting

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Which of these is NOT true about master budgets? O The process is useful for estimating the financing needed to cover seasonal cash shortages O The process generates only the cash budget and does not result in accrual statements (e.g. income statement) O The process starts with the sales budget O The process analyzes the difference between selling to a customer (revenue) and when the customer pays (cash receipt)

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