Cost Accounting Exam Chapters 8-9
1. Long-range planning carried out by top management is referred to as _. ANS: strategic planning 2. The starting point for any master budget is the _. ANS: sales budget 3. A budget that is prepared by adding a new b
CH 5 - GOVERNMENTAL
1. CAPITAL ASSETS
Include land, buildings, and building improvements, CWIP, vehicles, machinery, equipment, works of art and
historical treasures, infrastructure assets, and intangible assets.
They are commonly financed by issuance