Which of the Following Items Is a Component of a Cash

question 179

Multiple Choice

Which of the following items is a component of a cash payments budget?

• A)Bad debt expense
• B)Depreciation expense
• C)Cash dividends
• D)Gains on sales of equipment

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Definitions:

Defined Benefit Obligation

A company's liability to pay its employees' retirement benefits, calculated based on factors like salary histories and years of service.

Current Period

Refers to the present accounting period under consideration, usually a fiscal quarter or year.

Defined Contribution Fund

A retirement plan in which the employer, employee, or both make contributions on a regular basis, but future benefits are based on the fund's investment performance.

Unpaid Contributions

Amounts due from members or shareholders for their share in the capital of the company which have not yet been paid.