There are a variety of ways to produce pro forma statements, but they
There are a variety of ways to produce pro forma statements, but they usually rely on two primary inputs. One of these primary inputs is ________.
A) the projected sales for the current year
B) the projected sales for the past year
C) the prior year’s financial statements
D) this year’s financial statements
ANSWER
Answer: C
Explanation: C) There are a variety of ways to produce pro forma statements, but they usually rely on two primary inputs, (1) the PRIOR year’s financial statements and (2) the projected sales for the COMING year.
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.