Which of the following is a prospective financial statement for general use upon which an...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Which of the following is a prospective financial statement for general use upon which an accountant may appropriately report?
A. Financial projection
B. Partial presentation
C. Proforma Financial Statement
D. Financial Forecast
Correct answer should be D. Financial Forecast
Comment:
For General use statements, preparations is usually for third party users and should include financial forecast for the sale of hospital bonds.
For Limited use statements, preparations are solely for third party users which the owner of the financial statements deal directly, followed by the inclusion of financial projections in a banl loan applicaion form.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
