The Sad Company is preparing a budgeted income statement.The dollar amount of Operating Expenses comes from ________.
A)the purchases budget
B)the cash disbursements for purchases budget
C)the operating expense budget
D)the sales budget

Question

Quizplus · Accepted Answer

The dollar amount of Operating Expenses comes from the operating expense budget, which lists all the expected expenses incurred by the company to operate during the budget period. The purchases budget and cash disbursements for purchases budget would deal with the cost of goods sold, while the sales budget would deal with the expected revenue.

The Sad Company Is Preparing a Budgeted Income Statement