In a Company That Employs Continuous Budgeting on a Quarterly

Multiple Choice

In a company that employs continuous budgeting on a quarterly basis and has an accounting period that ends December 31 of each year,what period would the first revision and update to the January through December 2015 budget cover?

A) February 2015-January 2016
B) March 2015-February 2016
C) December 2015-November 2016
D) April 2015-March 2016
E) January 2016-December 2016