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Sagot :
The plan of preparing the master budget showing the planned sales units and the budgeted dollars from the sales is called the budgeted income statement.
An income statement can be referred to or considered as the statement that represents the financial position of a company as on a given date. It also represents the profitability of the company during the current period of business operations. A budgeted income statement shows a predicted or planned financial position, and may be different from the actual ones.
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