Which of the Following Would Not Be Used in Preparing

question 155

Multiple Choice

Which of the following would not be used in preparing a cash budget for October?

• A) Beginning cash balance on October 1.
• B) Budgeted salaries expense for October.
• C) Estimated depreciation expense for October.
• D) Budgeted sales and collections for October.

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Definitions:

Amortized

The process of spreading out a loan or intangible asset cost over a fixed period in regular installments, covering interest and principal payments.

Salvage Value

The anticipated market value of an asset at the conclusion of its operational lifespan.

Asset's Value

The monetary worth assigned to an asset, based on factors like market value, cost, and depreciation.

Benefit Period

The duration during which benefits, such as those from an insurance policy or investment, are paid out.