A Moving to the next question prevents changes to this answer. Question 1 A company's actual performance should be compared against budgeted amounts for the same accounting period so that O adjustments for future conditions can be included a rolling budget can be implemented O inefficiencies of the past year can be included to avoid any feedback from the budgets due to past miscues Budgets are used to O formulate company strategies communicate with external stakeholders calculate the income tax liability increase the book value of its assets