in which of the following crcumstances a direct financial interest violates independence A When clase relatives such as nondependent children brothers. and sisters have a signficant financial interest in the clent OB When dlose relatives such as parents brothers and sisters have any financial interest in the chent OC When close relatives such as brothers ssters or in-laws are employed by the clent or own shares in a mutal fund that has an ownership inteest an the client Ooin all of the above circumstances

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.