Once the budgeted income statement is prepared, the __________ budget must be prepared prior to the preparation of the budgeted balance sheet.

Name: Once the budgeted income statement is prepared, the __________ budget must be prepared prior to the preparation of the budgeted balance sheet.
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Question

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The cash budget must be prepared after the budgeted income statement and before the budgeted balance sheet to ensure that there is enough cash to meet obligations and to plan for any financing needs.

Once the Budgeted Income Statement Is Prepared, the __________ Budget