Question: (Multiple Choice) Long-term liability balances for the budgeted balance sheet are obtained from: 1. The cash budget and capital expenditures budget. 2. The asset budget

(Multiple Choice) Long-term liability balances for the budgeted balance sheet are obtained from: 1. The cash budget and capital expenditures budget. 2. The asset budget and debt budget. 3. The cash budget and sales budget. 4.The cash budget and budgeted income statement. 5. The sales budget and production budget

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