Katrina Aldridge
The yearly auditing review of Pilgrim Industries is scheduled for next month. Katrina Aldridge is preparing for that audit and is also preparing her budget for the coming year.
-Which of the following budgets will provide Katrina information about planned investments in major assets, such as buildings and heavy machinery?
A) Cash budget
B) Revenue budget
C) Capital budget
D) Expense budget
E) Balance sheet budget

Question

Quizplus · Accepted Answer

The budget that provides information about planned investments in major assets, such as buildings and heavy machinery, is the capital budget. The other budgets listed (cash budget, revenue budget, expense budget, and balance sheet budget) focus on different aspects of the organization's finances.

Katrina Aldridge the Yearly Auditing Review of Pilgrim Industries Is Scheduled for Scheduled