Question: Select the correct statement regarding flexible budgets. Group of answer choices A flexible budget is also known as the master budget. A flexible budget can

Select the correct statement regarding flexible budgets.
Group of answer choices
A flexible budget is also known as the master budget.
A flexible budget can only be prepared for a single level of activity.
A flexible budget is not used for planning.
A flexible budget shows expected revenues and costs at a variety of activity levels

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