Item$14$

$3$points

Time Remaining $2$ hours $44$ minutes $7$ seconds

$02$:$44$:$07$

Item $14$

Time Remaining $2$ hours $44$ minutes $7$ seconds

$02$:$44$:$07$

Which of the following statements is NOT correct concerning the Cash Budget?

Multiple Choice

It is not necessary to prepare any other budgets before preparing the Cash Budget.

The Cash Budget should be prepared before the Budgeted Income Statement.

The Cash Budget should be prepared before the Budgeted Balance Sheet.

The Cash Budget builds on earlier budgets and schedules as well as additional data.