As part of the financial planning process, planners create budgeted income statements and budgeted balance sheets which are also known as _____ financial statements.
A) pro forma
B) per capita
C) empirical
D) prescriptive

Question

Quizplus · Accepted Answer

Pro forma financial statements are budgeted or projected financial statements that show anticipated future results based on assumptions and forecasts. They are commonly used in financial planning to help individuals or organizations make informed decisions about their finances.

As Part of the Financial Planning Process, Planners Create Budgeted