Participation of employees in the budgeting process helps ________.
A) create greater commitment towards the budget
B) create demanding but achievable budget
C) decrease deviations from the budget
D) secure communication of sensitive information
Question 2
A government university collected unrestricted student fees of 200,000 and fees restricted for technology of 400,000 in the current academic year.
A. The full 600,000 should be reported as revenues for the academic year.
B. 200,000 should be reported as revenues and 400,000 should be reported as unearned revenues
C. 200,000 should be reported as revenues and 200,000 as deferred revenues.
D. 400,000 should be reported as unearned revenues and 200,000 as deferred revenues.
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