The financial plan statement that projects what a business will own, what it will owe, and the equity its owners will have at a specific point of time in the future is the:
A) cash flow statement
B) projected income statement
C) pro forma balance sheet
D) standard business ratio analysis

Question

Quizplus · Accepted Answer

The pro forma balance sheet is designed to project a business's financial position at a future date, showing what the business will own (assets), what it will owe (liabilities), and the equity of its owners.

The Financial Plan Statement That Projects What a Business Will