Which of the following financial documents projects the best and the worst that could happen in order to calculate profits or losses?

Question

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A profit-and-loss statement, also known as an income statement, outlines the revenues, costs, and expenses incurred during a specific period. It can be adjusted to project different scenarios, including the best and worst cases, to calculate potential profits or losses. This makes it a versatile tool for financial forecasting and planning.

Which of the Following Financial Documents Projects the Best and the Worst