MC 16 What is the difference between a cash budget and a cash flow statement?
A. A cash budget shows expected cash inflows and outflows, while a cash flow statement shows actual cash inflows and outflows
B. A cash budget shows actual cash inflows and outflows, while a cash flow statement shows expected cash inflows and outflows
C. A cash budget shows the net effect of cash inflows and outflows, while a cash flow statement shows the separate effects of cash inflows and outflows
D. A cash budget and a cash flow statement are the same thing
Answer:A
MC 16 What is the difference between a cash budget and a cash flow statement?
A. A cash budget shows expected cash inflows and outflows, while a cash flow statement shows actual cash inflows and outflows B. A cash budget shows actual cash inflows and outflows, while a cash flow statement shows expected cash inflows and outflows C. A cash budget shows the net effect of cash inflows and outflows, while a cash flow statement shows the separate effects of cash inflows and outflows D. A cash budget and a cash flow statement are the same thing