What Is the Sequence of Steps in Preparing the Master

question 29

Multiple Choice

What is the sequence of steps in preparing the master budget?

• A) Output from the financial budget is used to prepare the operating budget.
• B) Output from the operating budget is used to prepare the financial budget.
• C) Output from the financial budget is used to prepare the budgeted income statement.
• D) Output from the financial budget is used to prepare the operating expense budget.

---

Definitions:

Derealization

Derealization is a dissociative symptom in which the external world feels unreal or distant, often experienced as a symptom of anxiety or other psychiatric conditions.

Core Symptom

A primary or fundamental symptom that is considered essential in the diagnosis of a particular disease or disorder.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, 5th Edition; a handbook used by healthcare professionals as the authoritative guide to diagnosing mental disorders.

Emphasis

Special importance, value, or prominence given to something in a particular context or dialogue.