Question
Which of the following budgets shows the company's planned profit?
Multiple choice question.
Budgeted balance sheet
Budgeted income statement
Manufacturing overhead budget
Budgeted selling and administrative expenses
Multiple choice question.
Budgeted balance sheet
Budgeted income statement
Manufacturing overhead budget
Budgeted selling and administrative expenses
Answers
GPT-4o mini
The budget that shows the company's planned profit is the **Budgeted income statement**.
The budgeted income statement outlines projected revenues and expenses, ultimately showing the expected profit or loss for a specific period.
The budgeted income statement outlines projected revenues and expenses, ultimately showing the expected profit or loss for a specific period.