Which one of the following is a source of information used to prepare the budgeted income statement?

Question

Quizplus · Accepted Answer

The selling and administrative expense budget provides information on the expected expenses related to sales and administration, which is a key component in preparing the budgeted income statement. The cash budget, budgeted balance sheet, and capital expenditures budget provide information on cash flows, assets and liabilities, and capital expenditures, respectively, but do not directly relate to the budgeted income statement.

Which One of the Following Is a Source of Information