Which Is the Last Step in Developing the Master Budget

question 35

Multiple Choice

Which is the last step in developing the master budget?

• A) Preparing the budgeted balance sheet
• B) Preparing the cost of goods manufactured budget
• C) Preparing the budgeted income statement
• D) Preparing the cash budget

---

Definitions:

Color-Blind

A term often used to describe a vision deficiency in distinguishing colors, but also metaphorically to indicate a lack of discrimination based on race or ethnicity.

Newborns

Infants who are in the first few hours to weeks of life, characterized by rapid physical and neurological development.

Flavors

The combined sensation of taste and smell perception derived from a substance in the mouth.

Young Adolescents

Individuals who are in the early phase of adolescence, typically between the ages of 10 and 14, experiencing rapid physical, cognitive, and emotional changes.