Question: Long-term liability data for the budgeted balance sheet is derived from: a. The sales budget and production budget. b. The cash budget and sales budget.

Long-term liability data for the budgeted balance sheet is derived from:

a. The sales budget and production budget.

b. The cash budget and sales budget.

c. The cash budget and budgeted income statement.

d. The asset budget and debt budget.

e. The cash budget and capital expenditures budget

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