Identify Each Item as Either Part of the Operating Budget

question 102

Multiple Choice

Identify each item as either part of the operating budget or the financial budget.
-Ending finished goods inventory budget

• A)Operating budget
• B)Financial budget

---

Definitions:

Interest Earned

The income received from investing in interest-bearing financial instruments or accounts.

Net Income

The total profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenue.

Interest Expense

The cost incurred by an entity for borrowed funds over a specific period, including loans, bonds, or lines of credit.

Earnings Per Share

A company's net income divided by the number of outstanding shares of its common stock.