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Seneca College *

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440

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Accounting

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Nov 24, 2024

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pdf

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2

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11/19/23, 8:45 PM Chapter 6 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4682821&cmid=1260517&page=8 1/2 English (en) English (en) Français - Canada (fr_ca) Dashboard / My courses / [Seneca 09/2023] HTM440NHA - Nardi / CHAPTER 6 - Budgeting / Chapter 6 Quiz Question 9 Correct Mark 1.00 out of 1.00 Which of the following would not be part of the operating budget? Select one: a. The budgeted cash flow statement b. The operating expenses budget c. The purchases budget d. The sales budget Your answer is correct. Explanation: Non-cash items appear on the operating budget. An operating budget outlines budgeted changes to the income statement during the budgeted period. Also note that sales, cost of sales, and operating expenses all appear on the income statement. While the cash flow statement is important, it is technically not part of the operating budget. The correct answer is: The budgeted cash flow statement
11/19/23, 8:45 PM Chapter 6 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4682821&cmid=1260517&page=8 2/2 Français (fr)
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