Question 1
The ________ is the managerial report that shows planned cash inflows and outflows for major investments or acquisitions.
◦ journal voucher list
◦ statement of cash flows
◦ operating budget
◦ capital expenditures budget
Question 2
The operating budget
◦ compares estimated cash flows from operations with planned expenditures.
◦ shows cash inflows and outflows for each capital project.
◦ depicts planned revenues and expenditures for each organizational unit.
◦ is used to plan for the purchase and retirement of property, plant, and equipment.