Which of the Following Statements About a Budgeted Income Statement

question 66

Multiple Choice

Which of the following statements about a budgeted income statement is not true?

• A) The budgeted income statement is prepared after the financial budgets are prepared.
• B) The budgeted income statement is prepared on the accrual basis of accounting.
• C) The budgeted income statement can be prepared in a multiple-step format.
• D) The budgeted income statement is prepared using the individual operating budgets.

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