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QUESTION

Which of the following lists the components of the master budget in correct chronological order?

Which of the following lists the components of the master budget in correct chronological order?

A.  Production budget, cash budget, balance sheet.

B. Direct labor budget, production budget, income statement.

C. Cash budget, production budget, Operating expense budget.

D. Sales budget, income statement, production budget.

E. It doesn't matter in which order they are prepared.

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