A master budget usually includes all of the following except:
A)A sales forecast.
B)A cash budget.
C)A projected tax return.
D)Projected financial statements.

Question

Quizplus · Accepted Answer

A master budget typically includes a sales forecast, cash budget, and projected financial statements. However, a projected tax return is not typically included in a master budget. Taxes are usually included as an expense in the budget, but the actual tax return is prepared and filed separately.

A Master Budget Usually Includes All of the Following Except