Listed Below Are Elements of the Master Budget

question 184

Essay

Listed below are elements of the master budget.Determine whether each budget is an operating budget or a financial budget.Place an O for operating budget or F for a financial budget.
1. Capital expenditures bud get
2. Cost of goods sold budget
3. Revenues bud get
4. Budgeted statement of cash flows
5. Distribution costs bud get
6. Marketing costs budget
7. Cash bud get
8. Direct materials cost bud get
9. Bud geted balance sheet
10. Bud geted income statement

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Definitions:

Construction Company

A business entity engaged in the construction of buildings, infrastructure, and other physical structures.

Mechanic's Lien

A legal claim against a property for unpaid construction work or supplies, giving the lienholder a right to a certain value if the property is sold.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.

Judgment Debtor

An individual or entity ordered by a court to pay a sum of money to another as a result of a legal judgment.