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The Asset and Liability Side of a Pro Forma Balance

question 83

Multiple Choice

The asset and liability side of a pro forma balance sheet projection will not balance, in general, unless we make assumptions about how ________ and ________ will grow with sales.


Definitions:

Civil Code

A systematic collection of laws designed to comprehensively deal with the core areas of private law such as property, family, and contracts.

Uniform Commercial Code

An extensive collection of regulations overseeing every commercial activity within the United States.

Assignor

A person or entity who transfers obligations along with rights to another party in the context of a legal agreement.

Assignee

A person, company, or entity who is transferred the rights or interests of another's contract or property.

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