Which of the following is NOT a component of the operating budget?
A) capital budget
B) purchases and cost of goods sold budget
C) budgeted income statement
D) operating expense budget

Question

Quizplus · Accepted Answer

The operating budget includes the budgeted income statement, purchases and cost of goods sold budget, and operating expense budget. The capital budget, which includes planned expenditures for long-term assets such as buildings and equipment, is not a component of the operating budget.

Which of the Following Is NOT a Component of the Operating