Projections are:
A) more hypothetical than forecasts.
B) forecasts that have been audited.
C) more reliable than forecasts.
D) management's best estimate of the future financial position.

Question

Quizplus · Accepted Answer

Projections are generally considered to be more uncertain or hypothetical than forecasts, which are based on past data and trends. Projections often involve more assumptions and uncertainty about future events or conditions.

Projections Are