Jaunty Company Is Preparing Its Budgeted Income Statement for the Upcoming

Multiple Choice

Jaunty Company is preparing its budgeted income statement for the upcoming year.The proper time to prepare this budget is

A) at the start of the budgetary process so that everyone knows the expected income for the year.
B) once the sales budget has been done and approved.
C) prior to the completion of the capital budget for the year.
D) generally towards the end of the budgetary process when most other budgets have been approved.