n preparing financial budgets: Select one: A. The cash budget is usually not prepared. B. The budgeted balance sheet is usually prepared last. C. The budgeted income statement is usually not prepared. D. The capital expenditures budget is usually prepared last. E. The budgeted income statement is usually prepared last. g

Question

Business

Zachary Day

27 December, 19:13

n preparing financial budgets: Select one: A. The cash budget is usually not prepared. B. The budgeted balance sheet is usually prepared last. C. The budgeted income statement is usually not prepared. D. The capital expenditures budget is usually prepared last. E. The budgeted income statement is usually prepared last. g

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Chana Booth · Answer 1

B. The budgeted balance sheet is usually prepared last.

Explanation:

the budgeted balance sheet shows where all of the accounts would be at the end of a period of the actual company performance matched the budgeted estimates. Preparing this report is usually the last step in finalizing a master budget plan.

Budgeted Balance Sheet is prepared by adjusting the beginning balances of a long-term asset, liability, and stockholders' equity accounts for expected activity during the budgeted period and identifying balances in current asset and liability accounts at the end of the period.