Which of the Following Is a Prospective Financial Statement for General

question 33

Multiple Choice

Which of the following is a prospective financial statement for general use upon which a practitioner may appropriately report?

• A)Financial projection.
• B)Partial presentation.
• C)Pro forma financial statement.
• D)Financial forecast.

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Definitions:

Model Business Corporation Act

A set of model laws prepared to provide a standard for the governance of corporations, which individual states may adopt or modify.

Voting

The act of expressing a choice or decision in an election or other formal decision-making process.

Straight Voting

A method of voting in corporate elections where shareholders must assign all of their votes to one candidate for each vacancy.

Annual General Meeting

A mandatory yearly gathering of a company's interested shareholders to discuss company affairs.