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Briefly describe the sequence of the budgeting process

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Reference no: EM132979699

Problem 1: Briefly describe the sequence of the budgeting process.

Problem 2: Briefly explain how product costs are viewed on a flow-of-activity basis.

Problem 3: Prepare the journal entries for the following transactions: (a) $500 purchase for raw materials using trade credit (b) $1,500 amortization expense for goodwill (c) $4000 payment for salaries payable.

Reference no: EM132979699

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