The _________ method of developing a pro forma income statement forecasts sales and values for the cost of goods sold, operating expenses, and interest expense that are expressed as a ratio of projected sales.
A. percent‑of‑sales
B. accrual
C. judgmental
D. cash
Answer:A
The _________ method of developing a pro forma income statement forecasts sales and values for the cost of goods sold, operating expenses, and interest expense that are expressed as a ratio of projected sales.
A. percent‑of‑sales B. accrual C. judgmental D. cash