As part of the financial planning process, planners create projected financial statements. What are those statements?
A) pro forma
B) per capita
C) empirical
D) prescriptive

Question

Quizplus · Accepted Answer

Projected financial statements are also known as pro forma statements. These statements are used to forecast future financial performance based on assumptions about various factors such as sales growth, cost of goods sold, and operating expenses. Pro forma statements typically include an income statement, balance sheet, and cash flow statement.

As Part of the Financial Planning Process, Planners Create Projected