Which of the Following Statement Is Correct Regarding a Continuous

Multiple Choice

Which of the following statement is correct regarding a continuous budget?

A) The budget is prepared for a one-year period that corresponds to the company's fiscal year.
B) A continuous budget is a monthly budget.
C) As a month/period expires in the budget, an additional month/period in the future is added so the company always has a 12-month budget on hand.
D) None of these