 In this presentation, we will take a look at multiple choice questions related to budgeting. We'll go through the questions and then practice test-taking skills with them. First question, report that presents estimated amounts of assets, liabilities, and equity as of the end of the budget period is either a, budgeted income statement, b, continuous balance sheet, c, budgeted balance sheet, d, cash balance sheet, or e, operating balance sheet. Let's go through this again using the process of elimination. Report that presents estimated amounts of assets, liabilities, equity as of the end of the budgeted period. Now this question should be very familiar to us because in normal financial accounting as we go through it, this is clearly if you see assets, liability, and equity, it should ring in your head that that should be kind of a balance sheet type of thing, right? So that balance sheet should kind of pop in your head.