______ Are Either Full or Partial Estimates, Since Projections Are

question 9

Multiple Choice

______ are either full or partial estimates, since projections are being made as opposed to recording actual transactions.

• A) Income statements
• B) Common-size financial statements
• C) Pro forma financial statements
• D) Statements of cash flows

---

Definitions:

Large CDs

Certificates of Deposit (CDs) that are categorized by their large denomination, typically used by institutional investors.

Federal Deposit Insurance

Federal deposit insurance is a protection scheme that guarantees bank deposits, protecting depositors against bank failures by covering the loss of deposits up to a specified limit.

Main Purpose

The primary aim or objective intended to be achieved by a plan, action, or project.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision; it represents the benefits that could have been received but were given up to take another course of action.