Author Question: The revenues budget should be based on the cost of goods sold budget. Indicate whether this ... (Read 137 times)

urbanoutfitters · **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