What is the final component of a comprehensive master budget?
A)budgeted balance sheet.
B)budgeted income statement.
C)budgeted statement of cash flows.
D)budgeted retained earnings statement.

Question

Quizplus · Accepted Answer

The final component of a comprehensive master budget is the budgeted balance sheet. This statement shows the expected financial position of the company at the end of the budget period, including assets, liabilities, and shareholders' equity. This statement is important for assessing the long-term financial health of the company and for making investment and financing decisions. Although the other statements listed (B, C, and D) are important components of the master budget, the budgeted balance sheet is typically the final statement produced.

What Is the Final Component of a Comprehensive Master Budget