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Author Question: The revenues budget should be based on the cost of goods sold budget. Indicate whether this ... (Read 97 times)

urbanoutfitters

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on: Jul 5, 2018
The revenues budget should be based on the cost of goods sold budget.
 
  Indicate whether this statement is true or false.

Question 2

During the end-of-period processing, which of the following best describes the logical order of steps?
 a. preparation of adjustments, adjusted trial balance, financial statements
  b. preparation of income statement, adjusted trial balance, balance sheet
  c. preparation of adjusted trial balance, crossreferencing, journalizing
  d. preparation of adjustments, adjusted trial balance, posting


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Andromeda18

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: FALSE

Answer to Question 2

a


urbanoutfitters

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Reply 2 on: Jul 5, 2018
Excellent

nathang24

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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