A Manufacturing Company Has Prepared the Operating Budget,the Cash Budget,and

Multiple Choice

A manufacturing company has prepared the operating budget,the cash budget,and the budgeted income statement and is now preparing the budgeted balance sheet.The balance of Retained Earnings can be taken from the ________.

A) cost of goods sold budget
B) schedule of cash receipts
C) cash budget
D) balance sheet of the previous year and the budgeted income statement