Multiple Choice
In the financial planning model,the external financing needed (EFN) as shown on a pro forma balance sheet is equal to the changes in assets:
A) plus the changes in liabilities minus the changes in equity.
B) minus the changes in both liabilities and equity.
C) minus the changes in liabilities only.
D) plus the changes in both liabilities and equity.
E) minus the change in retained earnings.
Correct Answer:
Verified
Correct Answer:
Verified
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