Katherine Payne was reading the business plan for New Venture Fitness Drinks, and noticed that prior to its financial statements, New Venture Fitness Drinks placed an explanation of the sources of the numbers for the statements and the assumptions used to generate them. This explanation is called a(n):

Question

Quizplus · Accepted Answer

The explanation prior to the financial statements that includes sources of numbers and assumptions used to generate them is called an assumptions sheet.

Katherine Payne Was Reading the Business Plan for New Venture