A managerial accounting report that presents predicted amounts of the company's revenues and expenses for the budget period is called a:

Question

Quizplus · Accepted Answer

A budgeted income statement presents predicted amounts of a company's revenues and expenses for a specific budget period. It helps managers plan and control their expenses and achieve their financial goals. Therefore, a budgeted income statement is the best fit for the given description.

A Managerial Accounting Report That Presents Predicted Amounts of the Company's