For a business plan, if the business is yet to be started, income statements are based on estimate for what the revenues and expenses will be once the business starts

Name: For a business plan, if the business is yet to be started, income statements are based on estimate for what the revenues and expenses will be once the business starts
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In a business plan for a startup, income statements are indeed based on estimates of future revenues and expenses, as actual financial data is not yet available.

For a Business Plan, If the Business Is Yet to Be