A Company Has Prepared the Operating Budget,the Cash Budget,and the Budgeted

question 20

Multiple Choice

A company has prepared the operating budget,the cash budget,and the budgeted income statement and is now preparing the budgeted balance sheet.The balance of Retained Earnings can be taken from the ________.

• A) inventory, purchases, and cost of goods sold budget
• B) operating budget
• C) cash budget
• D) budgeted income statement and the balance sheet of the previous year

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Bullet Points

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