A key difference between a master budget prepared for a merchandiser versus a manufacturer will report only one asset for inventory while manufacturer will report three inventory assets.
Budget can be defined as a financial plan that enables a person to plan ahead on how to spend the money or cash so as to prevent unnecessary spending.
The budgeted balance sheet for the merchandiser will tend to report only one asset for inventory while on the other hand the balance sheet for the manufacturer will tend to report three inventory assets which are:
Therefore A key difference between a master budget prepared for a merchandiser versus a manufacturer will report only one asset for inventory while manufacturer will report three inventory assets.
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