Amounts from all of the following budgets feed into the pro-forma income statement except the:

Name: Amounts from all of the following budgets feed into the pro-forma income statement except the:
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The capital expenditures budget is the budget for asset acquisitions. The sales budget feeds directly into the (pro-forma income statement) income statement budget, while the factory overhead and direct materials budgets feed into the income statement budget indirectly through the cost of goods sold budget.

Amounts from All of the Following Budgets Feed into the Pro-Forma