The important end-product of the operating budgets is the
A) budgeted income statement.
B) cash budget.
C) production budget.
D) budgeted balance sheet.

Question

Quizplus · Accepted Answer

The important end-product of the operating budgets is the budgeted income statement, as it provides a projection of the company's expected revenues and expenses over a specific period of time, allowing for the calculation of the net income or loss for the period. This information is crucial for making financial decisions and evaluating the performance of the company. While the other budgets listed (cash budget, production budget, and budgeted balance sheet) are important in their own right, they are not the primary end-product of the operating budgets.

The Important End-Product of the Operating Budgets Is the