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Author Question: Which of the following is referred to as the bottom-up aspect of the budgeting process? A) ... (Read 49 times)

bobbysung

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on: Jul 5, 2018
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


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pratush dev

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: D

Answer to Question 2

d


bobbysung

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Reply 2 on: Jul 5, 2018
Gracias!

mcabuhat

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Reply 3 on: Yesterday
:D TYSM

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