The budgeted balance sheet and income statement are normally completed after preparation of operating and capital expenditure budgets.

Name: The budgeted balance sheet and income statement are normally completed after preparation of operating and capital expenditure budgets.
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The budgeted balance sheet and income statement are prepared after the operating and capital expenditure budgets have been completed, as they take into account the projected revenues and expenses from those budgets.

The Budgeted Balance Sheet and Income Statement Are Normally Completed