Which of the Following Statements Is TRUE About the Operating

question 63

Multiple Choice

Which of the following statements is TRUE about the operating budget?

• A) Its final component is the cash budget.
• B) It includes the capital expenditures budget.
• C) It includes the operating expenses budget.
• D) It is a part of the financial budget.

Analyze and calculate cash flows from customer transactions.

Understand the impact of credit card sales and discounts on financial statements.

Recognize effective internal controls for cash management.

Understand the classification and reporting of cash equivalents on the balance sheet.