Which of the Following Accounts Would Appear on a Budgeted

question 165

Multiple Choice

Which of the following accounts would appear on a budgeted balance sheet?

• A)Income tax expense.
• B)Accounts receivable.
• C)Sales commissions.
• D)Depreciation expense.
• E)All of the choices are correct.

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Definitions:

Anti-Assignment Clause

A provision in a contract that prohibits the transfer of rights or delegation of duties to another party without prior consent.

Donee Beneficiary

A third party who benefits from a contract in which one party promises to give a gift or perform a service for another.

Incidental Beneficiary

An individual or entity that gains unintentional benefit from a contract to which they are not a party.

Delegation

The act of assigning responsibility or authority from one person or group to another, often seen within organizational structures.