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Nonprofit organizations begin their budgeting process with: anticipated funding. services to be provided. a sales budget. a cash budget. proforma financial statements.

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Explanation:The sales budget is the first step in preparing the master budget of the ... of its master budget by constructing a: A) set of pro-forma financial statements. ... 17) 17) Nonprofit organizations begin their budgeting process with: A) anticipated ... D) services to be provided. ... C) cash balances can be compared to expense totals

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