Projections Are

question 77

Multiple Choice

Projections are:

• A) more hypothetical than forecasts.
• B) forecasts that have been audited.
• C) more reliable than forecasts.
• D) management's best estimate of the future financial position.

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Definitions:

Implicit Assumption

An underlying premise that is taken for granted or understood without being explicitly stated.

Guidance

The act of offering direction, advice, or instructional information to another, usually aimed at achieving a goal or solving a problem.

Explicit Reason

A clear and detailed reason that is directly stated or explained, without ambiguity.

Guidance

The act of offering direction, advice, or recommendations on how to proceed in a situation.