Question: In preparing a master budget, what is the correct chronological order for preparing the budgeted income statement, cash budget, and production budget? Question 2 options:

In preparing a master budget, what is the correct chronological order for preparing the budgetedincome statement, cash budget, and production budget?
Question 2 options:
Cash budget, budgeted income statement, production budget.
Production budget, budgeted income statement, cash budget.
Production budget, cash budget, budgeted income statement.
Budgeted income statement, production budget, cash budget.

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