While Preparing the Budgeted Income Statement of a Merchandising Company,the

question 43

Multiple Choice

While preparing the budgeted income statement of a merchandising company,the amount of cost of goods sold can be taken from the ________.

• A)budgeted balance sheet
• B)budgeted cash flow statement
• C)inventory,purchases,and COGS budget
• D)capital expenditures budget.

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Definitions:

Freedom's Journal

The first African-American owned and operated newspaper published in the United States, founded in 1827.

Black-edited Newspaper

A publication managed and edited by African-American individuals, often focusing on issues, stories, and perspectives relevant to the African-American community.

United States

A federal republic consisting of 50 states, a federal district, and various territories, known for its cultural and regional diversity.

Benjamin Banneker

An African American almanac author, surveyor, naturalist, and farmer known for his contributions to the planning of Washington, D.C., and his vocal opposition to slavery.