Select the Correct Statement About the Master Budget

question 129

Multiple Choice

Select the correct statement about the master budget.

• A) The master budget is a group of detailed budgets and schedules representing the company's operating and financial plans for the past accounting period.
• B) The master budget usually includes operating budgets and capital budgets and pro forma financial statements.
• C) The budgeting process usually begins with preparing the strategic budgets.
• D) Preparing the master budget begins with the cash budget.