When constructing pro forma balance sheets,________ becomes the "plug" figure to make the balance sheet balance.
A)new fixed assets required
B)addition to retained earnings
C)cash
D)external funding required

Question

Quizplus · Accepted Answer

When constructing pro forma balance sheets, the "plug" figure used to make the balance sheet balance is often the external funding required. This figure adjusts based on the other elements of the balance sheet to ensure that assets equal liabilities plus equity.

When Constructing Pro Forma Balance Sheets,________ Becomes the "Plug" Figure