A projected income statement prepared as part of the master budget would normally be used by internal decision makers.
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Q20: The statement of changes in equity summarises
Q21: _ _ are used for one accounting
Q22: Closing entries are entries made by a
Q23: The income statement plays a key role
Q24: The income statement's key role is to
Q26: The income statement summarises the results of
Q27: The income statement summarises the results of
Q28: Permanent accounts refer to assets, liabilities and
Q29: Generally accepted accounting principles (GAAP) ensure all
Q30: Revenues result in an increase in assets
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