Long-term liability data for the budgeted balance sheet is derived from:

Question

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Long-term liabilities represent debt or other obligations that are not due within the next year. These obligations are typically identified in the capital expenditures budget, which outlines the company's investment in long-term assets, and the cash budget, which outlines the company's expected cash inflows and outflows over time. By analyzing the capital expenditures budget and cash budget, a company can determine its long-term financing needs and develop an appropriate plan to meet those needs. Therefore, choice A is the best choice as it is the most accurate explanation.

Long-Term Liability Data for the Budgeted Balance Sheet Is Derived