The _____ forecasts the types and amounts of assets a firm will need to implement its future plans as well as the amount of additional financing the firm must arrange in order to acquire those assets.
A)query report
B)cash budget
C)statement of cash flows
D)budgeted balance sheet

Question

Quizplus · Accepted Answer

The budgeted balance sheet is a statement that projects a company's financial position based on forecasted assets and liabilities. It is used to forecast the types and amounts of assets a firm will need to implement its future plans and the amount of additional financing required to acquire those assets. A cash budget forecasts a firm's anticipated cash inflows and outflows, while the statement of cash flows tracks actual cash flows from operating, investing, and financing activities. A query report is a tool used to extract specific data from a database.

The _____ Forecasts the Types and Amounts of Assets a Firm