Description of this paper

In creating pro forma statements, if we assume that costs, assets

Description

solution


Question

In creating pro forma statements, if we assume that costs, assets, and short-term debt vary directly with changes in sales, that the payout ratio is fixed, and that the change in long-term debt only results from payments made as required on the debt contracts, then the item required for the balance sheet to balance will probably be;A) Dividends.;B) Total debt.;C) Long-term debt.;D) New equity sales.;E) Retained earnings.

 

Paper#32765 | Written in 18-Jul-2015

Price : $25
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