Which of the following is a statement that projects income and/or expenditures over a specified future period?
A) capital budget
B) balance sheet
C) statement of cash flows
D) operating budget

Question

Quizplus · Accepted Answer

An operating budget is a financial plan that projects income and expenditures over a specified future period, usually one year. The purpose of an operating budget is to help organizations plan their spending and make informed financial decisions. A capital budget is a financial plan that outlines the funds required for major investments or projects, such as the purchase of property or equipment, and is typically longer-term in nature (more than one year). A balance sheet is a financial statement that reports an organization's financial position at a specific point in time, and a statement of cash flows reports the sources and uses of an organization's cash over a specific period of time.

Which of the Following Is a Statement That Projects Income