Which of the following budgets includes the budgeted income statement?

The budget that includes the budgeted income statement is the financial budget. The financial budgets encompass various aspects of a business's financial planning, including income statements, cash flow statements, and balance sheets. The budgeted income statement is particularly important as it forecasts revenues and expenses, giving insight into potential profitability over a specific period.

Financial budgets allow businesses to plan for future financial performance, assess funding needs, and evaluate investment opportunities. They also provide a means to compare actual performance against the budget to manage financial resources effectively.

Operating budgets, in contrast, focus more on the day-to-day operations and revenues associated with sales and production. Capital budgets are concerned with long-term investments in assets, while project budgets pertain specifically to the financial aspects of individual projects rather than overall income and expenses for the entire organization.