It is common to use the change in long-term debt as a “plug” figure in
It is common to use the change in long-term debt as a “plug” figure in the construction of a pro forma balance sheet. However, if the firm does not have long-term debt, which of the following could substitute as the final plug figure?
A) changes in short-term debt
B) changes in new equity
C) changes in the cash balance
D) All of the above
ANSWER
D
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