For a merchandising company,the final step in the process of creating the master budget is the preparation of the ________.
A) budgeted balance sheet
B) operating budget
C) budgeted statement of retained earnings
D) cash budget

Question

Quizplus · Accepted Answer

For a merchandising company, the final step in the process of creating the master budget is the preparation of the budgeted balance sheet. The budgeted balance sheet summarizes the financial position of the company at the end of the budget period and reflects the expected effects of the operating budget, capital expenditures budget, and cash budget.

For a Merchandising Company,the Final Step in the Process of Creating