A managerial accounting report that presents predicted amounts of the company's revenues and expenses for the budget period is called a:

a) Budgeted income statement.
b) Budgeted balance sheet.
c) Master plan.
d) Rolling income statement.
e) Continuous profit statement.

a) Budgeted income statement.

Explanation: The income statement refers to an organizations spending and revenue for a specific period of time. It contains Financial figures on the spendings made or cost incurred and the revenue made for the period which could be on a monthly, quarterly or yearly basis as the case may be. However, as the name implies, the budgeted income statement refers to a a sttemnt of expenses and revenue expected or envisaged at a certain period in the future. The amount stated in the budgeted income statement are made from projections and not the actual figures incurred or earned.

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answer; normative economics;