The final step in a master budget is the preparation of the:

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The final step in a master budget is the preparation of the cash budget. The cash budget is an essential component of the master budget as it outlines the expected cash inflows and outflows for the coming period. It is an important tool for managing cash flow and ensuring that the organization has sufficient cash to meet its obligations. The other options listed (sales budget, pro forma financial statements, and selling and administrative costs budget) are all important components of the master budget but are not the final step in the process.

The Final Step in a Master Budget Is the Preparation