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Creating a Master Budget

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1- Prepare a master budget including a budgeted income statement, balance sheet, cash budget, and supporting schedules for the months January through March.
2- explain why there is a need for a bank loan and what operating sources provide the cash for the repayment of the bank loan.

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Solution Summary

The solution examines creating a master budget. Why there is a need for a bank loan and the operating source to provide the cash for the repayment of a bank loan is determined.

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