A projected income statement
A) lists the revenues and expenses the company expects for the reporting period
B) shows a net loss if revenues are greater than expenses
C) shows a net profit if expenses are greater than revenues
D) all the above

Question

Quizplus · Accepted Answer

A projected income statement lists the revenues and expenses the company expects for the reporting period. It does not determine whether there will be a net profit or loss.

A Projected Income Statement