Which of the following items would most likely differ on the Cash Budget and the Budgeted Income Statement?
A)Rent expense
B)Research and development expense
C)Sales Commissions expense
D)Depreciation expense

Question

Quizplus · Accepted Answer

Depreciation expense is a non-cash item and would appear on the Budgeted Income Statement but not on the Cash Budget, which only includes cash inflows and outflows.

Which of the Following Items Would Most Likely Differ on the Cash