Which of the Following Is True Regarding the Budgetary Comparison

question 123

Multiple Choice

Which of the following is true regarding the Budgetary Comparison Schedule?

• A) The Budgetary Comparison Schedule compares the actual results to both the original budget and the final budget, but display of variances is optional.
• B) The Budgetary Comparison Schedule is considered part of the basic financial statements.
• C) The Budgetary Comparison Schedule must be prepared for the General Fund and each major special revenue fund that has a legally adopted budget.
• D) Both A and C are true.

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Definitions:

Senior Managers

High-level executives responsible for overseeing the operations of a company or organization and setting strategic direction.

Structure

Refers to the arrangement of and relations between the parts or elements of something complex.

Union Organizing

The process of forming or joining a labor union to represent employees in negotiations with employers.

Major Objective

The primary goal or aim that an organization or individual seeks to achieve.