The _________ method of developing a pro forma balance sheet estimates values of certain balance sheet accounts while others are calculated. In this method, the firm’s external financing is used as a balancing, or plug, figure.
A. percent‑of‑sales
B. accrual
C. judgmental
D. cash
Answer:C
The _________ method of developing a pro forma balance sheet estimates values of certain balance sheet accounts while others are calculated. In this method, the firm’s external financing is used as a balancing, or plug, figure.
A. percent‑of‑sales B. accrual C. judgmental D. cash