Which of the following statements is not true regarding flexible budgets? a. Flexible budgets can be prepared
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Question:
Which of the following statements is not true regarding flexible budgets?
a. Flexible budgets can be prepared for multiple levels of activity.
b. Flexible budgets can be prepared before the period begins or after the period is over.
c. Flexible budgets are more than master budgets for performance evaluation.
d. Flexible budgets are more important than master budgets when all aspects of budgeting are considered
2. Basing manager compensation on firm stock performance diversifies risk.
a. True
b. False
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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