Answer Happy

QUESTION 16 When comparing an income statement to a cash budget what is true? (Yes, this question repeats but the responses are different.) O An income statement will have earned revenue and incurred expenses and is typically only prepared quarterly or annually O An income statement will have cash receipts and cash disbursements and is typically only prepared quarterly or annually O An income statement will have eamed revenue and incurred expenses and is typically prepared on a monthly or even weekly bas O An income statement will have cash receipts and cash disbursements and is typically prepared on a monthly or even weekly basis QUESTION 17 When comparing an income statement to a cash budget what is true? (Yes, this question repeats but the responses are different O A cash budget will have earned revenue and incurred expenses and is typically only prepared quarterly or annually QA cash budget will have cash receipts and cash disbursements and is typically only prepared quarterly or annually O A cash budget will have earned revenue and incurred expenses and is typically prepared on a monthly or even weekly basis O A cash budget will have cash receipts and cash disbursements and is typically prepared on a monthly or even weekly basis