In preparing financial budgets:

A) The budgeted balance sheet is usually prepared last.
B) The cash budget is usually not prepared.
C) The budgeted income statement is usually not prepared.
D) The capital expenditures budget is usually prepared last.
E) The budgeted income statement is usually prepared last.

Budgeted Balance Sheet

A budgeted balance sheet is a financial statement that projects the financial position of a company at a future point in time, detailing assets, liabilities, and equity based on anticipated financial activities.

Financial Budgets

Projections of a company's income, expenditures, and capital needs, used to manage spending and achieve financial goals.

Capital Expenditures Budget

A budget allocation for purchasing and investing in long-term assets and projects.