In a Company That Employs Continuous Budgeting on a Quarterly

question 134

Multiple Choice

In a company that employs continuous budgeting on a quarterly basis and has an accounting period that ends December 31 of each year,what period would the first revision and update to the January through December 2017 budget cover?

• A)February 2017-January 2018
• B)March 2017-February 2018
• C)December 2017-November 2018
• D)April 2017-March 2018
• E)January 2018-December 2018

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Definitions:

Barack Obama

The 44th President of the United States from 2009 to 2017, and the first African American to hold the office, known for significant healthcare reform and a focus on progressive social policies.

Iraq War

Military campaign in 2003 in which the United States, unable to gain approval by the United Nations, unilaterally occupied Iraq and removed dictator Saddam Hussein from power.

Affirmative Action

Policy efforts to promote greater employment opportunities for minorities.

Supreme Court

The highest federal court in the United States, which has the ultimate appellate jurisdiction over all federal and state court cases involving matters of federal law.