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19 Which of the following statements is/are correct regarding financial forecasting and pro forma statements?...

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Accounting

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19 Which of the following statements is/are correct regarding financial forecasting and pro forma statements? Pro forma statements are the most widely used vehicles for financial forecasting . A pro forma statement is a prediction of what the company's financial statements wil look like at the end of the forecast period III. According to percent-of-sales forecasting, we assume all the income statement and balance sheet items vary in proportion to sales A. I only B. II only C. I and II D. I, II and II The year-end 201 13 balance sheet of AppleTree Inc. listed common stock and other paid- in capital at $1,100,000 and retained earnings at $3,400,000. The next year, retained earnings were listed at $3,700,000. The firm's net were no stock repurchases during the year. What were the dividends paid by the firm in 2014? income in 2014 was $900,000. There A. $300,000 B. $600,000 C. $900,000 D. $1,200,000

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