Long-term liability balances for the budgeted balance sheet are obtained from:

A) The cash budget and capital expenditures budget.
B) The cash budget and sales budget.
C) The cash budget and budgeted income statement.
D) The sales budget and production budget.
E) The asset budget and debt budget.

Long-term Liability Balances

Amounts owed by a business that are not due for payment within the next year, such as bonds payable, long-term loans, and lease obligations.

Budgeted Balance Sheet

A financial statement projecting the future financial position of a company, showing expected assets, liabilities, and equity at a specific time.

Cash Budget

A budget projecting cash receipts and disbursements across a definite time frame, commonly employed to oversee liquidity and guarantee fiscal steadiness.