Preparation of the budgeted statement of cash flows is the final ...

[fbq8i]

Preparation of the budgeted statement of cash flows is the final step in preparing the operating budget.
 
  Indicate whether this statement is true or false.

Question 2

In the accounting cycle, the last step is
 a. preparing the financial statements
  b. journalizing and posting the adjusting entries
  c. preparing a post-closing trial balance
  d. journalizing and posting the closing entries

[smrerig]

Answer to Question 1

Answer: FALSE

Answer to Question 2

c

[fbq8i]

Thanks for the timely response, appreciate it

[carlsona147]

Great answer, keep it coming