Which of the Following Statements Is Incorrect

question 61

Multiple Choice

Which of the following statements is incorrect?

• A) A continuous twelve-month budget results from dropping the month just ended and adding a future month.
• B) The production budget is derived from the direct materials and direct labor budgets.
• C) The cash budget shows anticipated cash flows.
• D) In the budget process for not-for-profit organizations the emphasis is on cash flow rather than on revenue and expenses.

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Definitions:

Substitution

A chemical reaction where one atom or group of atoms in a molecule is replaced with a different atom or group of atoms.

Highly Substituted

Refers to a molecule that has a high number of substituent groups attached to its carbon backbone, influencing its chemical properties and reactivity.

Alkene Product

The resulting compound featuring at least one carbon-carbon double bond, produced from reactions involving alkenes.

Explanation

The act of making something clear or understandable by describing or presenting it in detail.