In Preparing a Budgeted Balance Sheet, the Amount for Accounts

question 33

Multiple Choice

In preparing a budgeted balance sheet, the amount for Accounts Receivable data can be derived from:

• A) The capital expenditures budget and purchases budget.
• B) The budgeted income statement and budgeted balance sheet.
• C) The sales budget and the schedule of cash receipts.
• D) The selling expenses budget and the schedule of cash receipts.
• E) The purchases budget and schedule of cash payments.

---

Definitions:

Nitric Acid

A highly corrosive mineral acid (HNO3) widely used in the manufacture of fertilizers and explosives, and in various organic synthesis processes.

Sulfuric Acid

A highly corrosive, dense, oily liquid acid, H2SO4, used in a variety of industrial processes like fertilizer production and in lead-acid batteries.

Pyridine

A basic heterocyclic organic compound with the chemical formula C5H5N, known for its distinctive, unpleasant smell.

2-Methyl-2-Butanamine

An organic compound with a tertiary amine and a methyl group on the second carbon of a butane chain.