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Which of these are the first and last steps in the budgeting process?
revenue - expenses = profit (or loss)
FICA
expenses
balance sheet
list types of expenses and revenue, explain the budget to decision-makers for the company,
liabilities
past budgets
current deductions
Which of these is almost always on an earnings report?
revenue - expenses = profit (or loss)
FICA
expenses
balance sheet
list types of expenses and revenue, explain the budget to decision-makers for the company,
liabilities
past budgets
current deductions
Which of these is a snapshot of the big picture of a company and includes all assets, liabilities and owner's equity?
revenue - expenses = profit (or loss)
FICA
expenses
balance sheet
list types of expenses and revenue, explain the budget to decision-makers for the company,
liabilities
past budgets
current deductions
Which of these is a common payroll deduction?
revenue - expenses = profit (or loss)
FICA
expenses
balance sheet
list types of expenses and revenue, explain the budget to decision-makers for the company,
liabilities
past budgets
current deductions
The costs associated with operating a business
revenue - expenses = profit (or loss)
FICA
expenses
balance sheet
list types of expenses and revenue, explain the budget to decision-makers for the company,
liabilities
past budgets
current deductions
Which of these is the best source of budget information for an existing company?
revenue - expenses = profit (or loss)
FICA
expenses
balance sheet
list types of expenses and revenue, explain the budget to decision-makers for the company,
liabilities
past budgets
current deductions
The amount of money a company owes
revenue - expenses = profit (or loss)
FICA
expenses
balance sheet
list types of expenses and revenue, explain the budget to decision-makers for the company,
liabilities
past budgets
current deductions
Which of these is the basic financial equation?
revenue - expenses = profit (or loss)
FICA
expenses
balance sheet
list types of expenses and revenue, explain the budget to decision-makers for the company,
liabilities
past budgets
current deductions
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