Which of the Following Budgets Is Not an Operating Budget

question 13

Multiple Choice

Which of the following budgets is not an operating budget?

• A) Sales budget.
• B) Cash budget.
• C) General and administrative expense budget.
• D) Selling expenses budget.
• E) Merchandise purchases.

Analyze the impact of prospective adjustments on financial statements.

Assess the effects of changes in inventory valuation methods on financial statements.

Understand the classification of different types of activities in a statement of cash flows (operating, investing, and financing activities).

Identify adjustments needed for the computation of cash flows from operating activities using the indirect method.

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Definitions:

External Jugular Vein

A vein located on the outside of the neck that drains blood from the head, neck, and upper chest into the superior vena cava.

Radial Vein

A vein that accompanies the radial artery and drains blood from the lateral portion of the forearm.

Forelimb

The front limbs of an animal that in humans refer to the arms, including structures from the shoulder to the fingers.

Saphenous Vein

A large vein running along the length of the leg, commonly used for grafts in coronary artery bypass surgery.