Choose the Correct Statement: a Budget Is

question 9

Multiple Choice

Choose the correct statement: a budget is:

• A)a statement of past results based on future estimations
• B)a detailed short-term plan that shows the present financial situation
• C)a detailed short-term plan that shows the past financial situation
• D)a statement of future estimations based on past results

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Definitions:

Par Value

The face value of a bond or stock, as stated on the certificate, which is the nominal value rather than the market value.