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  3. the 2nd step in the development of a master budget

The 2nd step in the development of a master budget is the development of the...

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Accounting

The 2nd step in the development of a master budget is the development of the

Production budget

Sales budget

Direct materials purchases budget

None of the above

I would say None of the above because the 2n step is the cost of goods sold budget. Right?

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