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7 years ago
A company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. The balance of Accounts Payable can be taken from the ________.
A) schedule of cash payments
B) inventory, purchases, and cost of goods sold budget
C) selling and administrative expenses budget
D) direct materials budget
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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#2
7 years ago
Makes perfect sense, thx
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