A Financial Plan for the Future Based on a Single

question 3

Multiple Choice

A financial plan for the future based on a single level of operations is called a(n) :

• A) balance sheet.
• B) budget.
• C) income statement.
• D) statement of cash flows.

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Definitions:

Freedom of Information Act

A federal law that allows for the full or partial disclosure of previously unreleased information and documents controlled by the United States government.

Subpoena Duces Tecum

A legal order requiring a person to produce documents or records for a court case.

Federal Income Tax Returns

Mandatory yearly filings to the Internal Revenue Service (IRS) by individuals and entities to report their income, calculate taxes owed, and report taxes paid during the tax year.

Privacy Act of 1974

A federal law in the United States that governs the collection, maintenance, use, and dissemination of personally identifiable information about individuals that is maintained in systems of records by federal agencies.