An operating budgetis the major part of a master budget that focuses on the income statement andits supporting schedules.
举一反三
- Translate the following sentence into Chinese."A profit statement is also known as a profit and loss statement, an income statement, an income and expense statement or an operating statement."
- The income statement reports on operating activities at a point in time.
- All of the following are financial budgets except: A: the budgeted balance sheet B: the capital budget C: the cash budget D: the budgeted income statement
- A complete income statement need not be prepared as part of a differential cost analysis.
- Which of the following is not a true statement about a multiple-step income statement? A: Operating expenses are similar for merchandising and service enterprises. B: There may be a section for nonoperating activities. C: There may be a section for operating assets. D: There is a section for cost of goods sold.