A firm plans to retire outstanding bonds in the next planning period. The statements that will be affected are the
A. pro forma income statement, pro forma balance sheet, cash budget, and statement of retained earnings.
B. pro forma balance sheet and cash budget.
C. cash budget and statement of retained earnings.
D. pro forma income statement and pro forma balance sheet.
Answer:A
A firm plans to retire outstanding bonds in the next planning period. The statements that will be affected are the
A. pro forma income statement, pro forma balance sheet, cash budget, and statement of retained earnings. B. pro forma balance sheet and cash budget. C. cash budget and statement of retained earnings. D. pro forma income statement and pro forma balance sheet.