The _____ forecasts the types and amounts of assets a firm will need to implement its future plans as well as the amount of additional financing the firm must arrange in order to acquire those assets.
A) query report
B) cash budget
C) statement of cash flows
D) budgeted balance sheet

Question

Quizplus · Accepted Answer

A budgeted balance sheet is a financial statement that forecasts a company's assets and liabilities at the end of a budget period. It can also show the types and amounts of assets a firm will need to implement its future plans and the additional financing the firm must arrange to acquire those assets. A cash budget only forecasts cash inflows and outflows, a statement of cash flows only shows the actual cash inflows and outflows during a period, and a query report is a type of report generated from a database search.

The _____ Forecasts the Types and Amounts of Assets a Firm