Under the judgmental approach for developing a pro forma balance sheet, the “plug” figure required to bring the statement into balance may be called the
A. cash balance.
B. retained earnings.
C. external financing required.
D. accounts receivable.
Answer:C
Under the judgmental approach for developing a pro forma balance sheet, the “plug” figure required to bring the statement into balance may be called the
A. cash balance. B. retained earnings. C. external financing required. D. accounts receivable.