The pro forma sources and applications of funds statement __________.
A) summarizes the interrelationship of assets, liabilities, and net worth of the firm to working capital
B) shows the disposition of earnings from operations and financing
C) shows how net income was used to increase assets or to pay off debt
D) All of the answers are correct.
E) None of the answers apply.

Question

Quizplus · Accepted Answer

The pro forma sources and applications of funds statement summarizes the interrelationship of assets, liabilities, and net worth of the firm to working capital, shows the disposition of earnings from operations and financing, and shows how net income was used to increase assets or to pay off debt.

The Pro Forma Sources and Applications of Funds Statement __________