Multiple Choice
"Pro forma" accounting statements as used in business financial planning means:
A) actual accounting of income and expenses
B) actual accounting of assets and liabilities
C) a statement of anticipated costs and revenues or change in assets,liabilities and equity based upon prior (operating) financial performance.
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q1: In financial planning with the franchised business,the
Q2: The income statement is used to plan:<br>A)liquidity
Q3: All of the current assets of the
Q4: The cash flow statement is used to
Q5: Short-term obligations created by the franchisee in
Q7: Often considered the most critical financial component
Q8: Estimation of sales and other income for
Q9: Which one of the following is Not
Q10: To fund a franchise business,most franchisee use:<br>A)a