Pro forma statements:
A) must assume that no new equity is issued.
B) are projections, not guarantees.
C) are limited to a balance sheet and income statement.
D) must assume that no dividends will be paid.
E) exclude net working capital needs.
Correct Answer:
Verified
Q13: Which one of the following are you
Q14: A firm is currently operating at full
Q15: When planning for the long run, the
Q16: Financial plans:
A) concentrate solely on income and
Q17: The financial planning method that uses the
Q19: A pro forma statement indicates that both
Q20: Next year's pro forma statement is based
Q21: A firm's external financing need is met
Q22: The financial planning process is least apt
Q23: Financial plans generally tend to ignore:
A) dividend
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