Which of the Following Statements Is True of the Financial

question 50

Multiple Choice

Which of the following statements is true of the financial statements and reports found in a business plan?

• A) The financial statements include the balance sheet,cash flow,and expense accounts.
• B) The assumptions accompanying the financial statements are not as important as other components of the financials.
• C) For all types of business plans,a set of financial reports or projections are the central component of the Appendix.
• D) The assumptions are simply what you assume will happen in the first year.