The long-term liability balances that are seen on the budgeted balance sheet are obtained from the cash budget and capital expenditures budget.
The long-term liabilities of a company will need to be included in a budgeted balance sheet to see how they affect the operations of the business in a period.
These balances are obtained from the cash budget where budgeted payments for long term liabilities will be put. For instance, the interest payments for the period, or the cash to redeem the entire bond or debenture.
The capital expenditure budget will also list those payments that need to be made to service a debt and are the double entry transactions for the cash budget where interest payments are recorded.
In conclusion, the balances are acquired from the cash budget and capital expenditures budget.
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