Of the Following Statements,which One Is False

question 33

Multiple Choice

Of the following statements,which one is false?

• A) Proforma financial statements are also called breakeven reports..
• B) Proforma income statements estimate the profit and loss for the new business.
• C) Proforma balance sheets show the financial structure of the business.
• D) Proforma balance sheets allow investors to conduct ratio analysis.
• E) All of the above are true.

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Definitions:

Code

A set of rules or principles designed to regulate behavior or to prescribe standards.

Risk of Loss

The risk of loss refers to the potential for an asset to lose value or for an investment to not perform as expected, often shifted from seller to buyer upon completion of certain conditions in a contract.

Accidental Fire

An unplanned and unintentional flame or blaze causing damage, which is not caused by deliberate action.

Marxist Exploitation Theory

The assertion that the powerful economic elite promotes, and benefits from, prejudice and discrimination.