The Pro Forma Income Statement Is Not a Component of the

question 48

Multiple Choice

The pro forma income statement is not a component of the

• A)master budget.
• B)financial budgets.
• C)operating budgets.
• D)capital budget.

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Definitions:

Nominal Data

Data classified into categories that cannot be ordered or ranked, used for labeling variables without a quantitative value.

Frequency

The number of times an event or value occurs in a dataset, often represented in a frequency distribution table or histogram.

Proportion

A mathematical ratio indicating the relationship in quantity, amount, or size between parts of a whole.

Nominal

Pertaining to data that can be categorized but not ranked or ordered; involves naming or labeling attributes.