In strategic budgeting the income cycle corresponds to the:
A) Statement of Profit or Loss
B) Cash Flow Statement
C) Statement of Changes in Owners' Equity
D) Statement of Financial Position

Question

Quizplus · Accepted Answer

The income cycle in strategic budgeting corresponds to the Statement of Profit or Loss, as it reflects the company's revenues, expenses, and net income over a specific period, which are key elements in strategic budgeting.

In Strategic Budgeting the Income Cycle Corresponds to The