This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The revenues budget should be based on the cost of goods sold budget. Indicate whether this ... (Read 78 times)

urbanoutfitters

  • Hero Member
  • *****
  • Posts: 530
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Andromeda18

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: FALSE

Answer to Question 2

a


urbanoutfitters

  • Member
  • Posts: 530
Reply 2 on: Jul 5, 2018
Excellent

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Habitat reconstruction is possible based on the kinds of plants present at past sites. Habitat reconstruction is possible based on the kinds of plants present at past sites.
Continuum of aggression. Based on an unpublished figure by Joanne DeSanto Iennaco. Continuum of aggression. Based on an unpublished figure by Joanne DeSanto Iennaco.
Prevalence of drug use in the United States. Figures are based on a survey of people 12 years of age ... Prevalence of drug use in the United States. Figures are based on a survey of people 12 years of age ...
Sample budget spreadsheet form for first year of business. Sample budget spreadsheet form for first year of business.
IPCC models are based on projections of growth IPCC models are based on projections of growth
An electrochemical cell is based on these two half-reactions An electrochemical cell is based on these two half-reactions
Video: Types of energy transfer reactions: oxidation-reduction reactions and ATP generation reactions

For a complete list of videos, visit our video library