Select the Correct Statement Regarding the Selling and Administrative (S&A)expense

question 98

Multiple Choice

Select the correct statement regarding the selling and administrative (S&A) expense budget.

• A) The S&A budget is prepared after the sales budget.
• B) The S&A budget is prepared before the cash budget.
• C) The S&A budget is prepared before the pro forma income statement.
• D) All of the answers are correct.