Question: Explain an income statement budget would be created for a year starting with the sales budget through the SG&A budget, describing the component line items

  1. Explain an income statement budget would be created for a year starting with the sales budget through the SG&A budget, describing the component line items of each
  2. Who are the individuals that would be involved in developing the budgets?

NB Apple Inc can be used as an example

https://investor.apple.com/investor-relations/default.aspx

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