Which of the following is not a component of the master budget?
A)Budgeted income statement
B)Direct material purchases budget
C)Ending inventory and cost of goods sold budget
D)Budgeted statement of cash flows.

Question

Quizplus · Accepted Answer

The budgeted statement of cash flows is not typically included in the master budget. The other options, including the budgeted income statement, direct material purchases budget, and ending inventory and cost of goods sold budget, are all common components of the master budget.

Which of the Following Is Not a Component of the Master