A Master Budget Usually Includes All of the Following Except

question 27

Multiple Choice

A master budget usually includes all of the following except:

• A)A sales forecast.
• B)A cash budget.
• C)A projected tax return.
• D)Projected financial statements.

---

Definitions:

Mutual Mistake

A legal doctrine where a contract may be voided if both parties were mistaken about a fundamental aspect at the time of agreement.

Adverse Effect

A negative impact or harm that is caused by an action or event.

Material Effect

An impact significant enough to influence a decision, action, or the outcome of a situation, often used in legal and financial contexts.

Misrepresentation

The act of providing false, misleading, or inaccurate information with the intent to deceive or mislead.