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Which of the following is NOT correct?
Budgeting Benefits
The advantages of budgeting, including improved financial management, planning, and control, as well as enhanced decision-making.
Operating Budgets
Financial plans that outline the projected revenue and expenses for the day-to-day operations of an organization.
Budgeted Income Statement
A financial statement that shows projected revenues, costs, expenses, and net income for a specific period of time.
Cash Budget
A financial plan that estimates cash inflows and outflows over a particular period of time, often used to assess liquidity.
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