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Q. |
Which of the following statements is / are true with regard to flexible budgeting? |
A. | both (a) and (b) |
B. | it involves a careful differentiation between fixed and variable expenses |
C. | it is a system of budgeting under which budgets are recast quickly for changes in the volume of activity |
D. | a flexible budget is one which changes from year to year |
Answer» A. both (a) and (b) |
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