What is a budget contingency and what are three reasons it might be useful?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 1DQ
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What is a budget contingency and what are three reasons it might be useful?

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