Chapter 22, Problem P22.46APGA

To determine

Budgeted Income statement:

A budgeted income statement is the statement which concerned with expected revenues and expected expense during the budgeted period.

Budgeted balance sheet:

A budgeted balance sheet is an estimation regarding assets, liabilities and equity of a company for particular period of time based on actual ending balances of the current period and estimated amounts of the budgeted period.

Budgeted Statement of Cash Flow:

Statement of Cash flow is a financial statement which shows the expected cash inflows and outflows of a company from operating activities, investing activities and financing activities during a particular period of time.

To determine:

1.

Prepare budgeted income statement of Grant Company quarter ended March 31, 2017.

2.

Prepare budgeted balance sheet of Grant Company quarter ended March 31, 2017.

3.

Prepare budgeted statement of cash flows of Grant Company quarter ended March 31, 2017.