In Developing the Pro Forma Income Statement We Follow Four

question 64

Multiple Choice

In developing the pro forma income statement we follow four important steps: 1) compute other expenses,2) determine a production schedule,3) establish a sales projection,4) determine profit by completing the actual pro forma statement.What is the correct order for these four steps?

• A) 1,2,3,4
• B) 4,3,2,1
• C) 2,1,3,4
• D) 3,2,1,4

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