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Author Question: In which order are the following developed? First to last: A = Production budget B = Direct ... (Read 72 times)

RYAN BANYAN

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In which order are the following developed? First to last:
 
  A = Production budget
  B = Direct materials costs budget
  C = Budgeted income statement
  D = Revenues budget
  A) ABDC
  B) DABC
  C) DCAB
  D) CABD

Question 2

Closing entries
 a. need not be journalized if adjusting entries are prepared
  b. need not be posted if the financial statements are prepared from the work sheet
  c. are not needed if adjusting entries are prepared
  d. must be journalized and posted



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kthug

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Answer to Question 1

Answer: B

Answer to Question 2

d





 

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