Which of the following statements about budgeted financial statements is not true?
A) Budgeted financial statements need to adhere to the same format as the audited financial statements.
B) Development of budgeted financial statements is facilitated by spreadsheet programs.
C) Budgeted financial statements reflect the results of operations assuming all budgeted predictions are correct.
D) Budgeted financial statements are hypothetical.
Correct Answer:
Verified
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