Question

" ________ include a budgeted statement of cash flows and a budgeted balance sheet.*

A) Revenue budgets
B) Financial budgets
C) Operating budgets
D) Production budget

Answer 1

Financial budgets include a budgeted statement of cash flows and a budgeted balance sheet, which are part of the overall financial planning process of a company.

Step-by-step explanation:

Financial budgets include a budgeted statement of cash flows and a budgeted balance sheet. These budgets are part of the overall financial planning process of a company and help in tracking the inflows and outflows of cash and the financial position of the company. The budgeted statement of cash flows shows the projected cash receipts and payments, while the budgeted balance sheet shows the projected assets, liabilities, and equity of the company.