Budgeted financial statements:
a. allows managers to determine the effects of their budgeting decisions on their compensation.
b. allows managers to determine the effects of budgeting decisions on the company's financial statements.
c. allows managers to determine the company's exact financial position at the end of the budget period.
d. allows government to collect advance taxes.
Answer: b. allows managers to determine the effects of budgeting decisions on the company's financial statements.
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