Long-Term Debt and Equity Should Be

Long-term debt and equity should be

A) The first items to include in creating pro forma statements because entrepreneurs have no control over debt and equity
B) The last items to include in creating pro forma statements because entrepreneurs have more control over debt and equity compared to sales and expenses
C) Part of the iterative process because entrepreneurs may have to change their business plan if debt and equity are limited
D) A and B
E) A, B, and C