A Budget That Has Been Prepared Only Once Prior to the Budget

question 78

Multiple Choice

A budget that has been prepared only once prior to the budget period is called a:

• A)continuous budget.
• B)zero-based budget.
• C)discretionary budget.
• D)single-period budget.

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuer, which bears importance in the legal capital of a company.

Land

A physical, immovable property asset, representing the earth's surface not including bodies of water or resources below the surface.

Cash Dividend

A distribution of profits by a corporation to its shareholders in the form of cash.

Stock Dividend

A dividend payment made to shareholders in the form of additional shares of stock, rather than cash.