Answer
The master budget expresses management’s operating and financing plans - the formalized outline of the company’s financial objectives and how they will be attained.
Work Step by Step
There is no step
Cost Accounting (15th Edition)
by Horngren, Charles T.; Datar, Srikant M.; Rajan, Madhav V.
Published by
Prentice Hall
ISBN 10:
0133428702
ISBN 13:
978-0-13342-870-4
Chapter 6 - Master Budget and Responsibility Accounting - Assignment Material - Questions - Page 230: 6-2
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