Which of the following is referred to as the bottom-up aspect of ...

[bobbysung]

Which of the following is referred to as the bottom-up aspect of the budgeting process?
 
  A) lower-level managers setting their individual targets that aggregate to be the company-wide target
  B) senior managers consulting middle- and lower-level managers to investigate any deviations from the budget
  C) lower-level managers implementing the budgets with senior managers monitoring progress and investigating deviations
  D) lower-level managers providing inputs to the budgeting process based on their specialized knowledge

Question 2

On which financial statement will Income Summary be shown?
 a. statement of owner's equity
  b. balance sheet
  c. income statement
  d. no financial statement

[pratush dev]

Answer to Question 1

Answer: D

Answer to Question 2

d

[bobbysung]

Excellent

[kilada]

Gracias!