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Which of the following accounts would appear on the inventory purchases budget and pro forma balance sheet?


A) Cost of goods sold
B) Sales revenue
C) Accounts receivable
D) Accounts payable

E) A) and B)
F) A) and C)

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Would you recommend that a business employ a participative approach to budgeting? Why or why not?

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Answers will vary
Participative budgetin...

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