Which of the Following Is Not Part of the Financial

question 37

Multiple Choice

Which of the following is not part of the financial forecasting process used to project financial statements?

• A)forecast sales
• B)forecast tax rates
• C)project the income statement
• D)project the balance sheet
• E project the statement of cash flows

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Definitions:

Biweekly

occurs or is done every two weeks or twice a week, depending on context.

Credit Balance

Occurs when the amount paid is greater than was due or the account is being paid in advance of service provided.

Processing Fee

A charge assessed for the handling, processing, or servicing of an application, transaction, or purchase.

Monthly Billing

A payment structure where charges for services or utilities are invoiced to customers every month.