Instructions: Identify the Following Terms

question 42

Short Answer

Instructions: Identify the following terms.
Basho

---

Definitions:

Customer Credit

Credit extended by a business to its customers, allowing them to purchase goods or services and pay for them at a later date.

Pro Forma Financial Statements

Financial statements that project the future financial performance of a company, often used for planning or investment analysis.

CCA Tax Shield

A reduction in taxable income in Canada, achieved by deducting the Capital Cost Allowance on assets.