Which of the following is true regarding an incremental budget? ...

[WWatsford]

Which of the following is true regarding an incremental budget?
 a. Incremental budget allocations remain the same year after year.
 b. An incremental budget projects when funds will become available and where they can be spent.
 c. An incremental budget is based on the previous year's budget.
 d. An incremental budget is set according to the manager's needs.

Question 2

Accounting periods may be which of the following?
 a. a calendar year
 b. a fiscal year
 c. a calendar month
 d. every 2 years

[ecabral0]

Answer to Question 1

c

Answer to Question 2

c