Business, 01.12.2021 01:30 jonathansheehan26

All of the following are true regarding projected financial statements except: A. Preparing projected financial statements must incorporate a company's current performance records. B. The statement of cash flows is the most critical forecast since it reflects profitability rather than viability. C. Preparing projected financial statements must incorporate a company's past performance records. D. The income statement demonstrates immediate capability to service debt for banks or real potential for growth in returns for venture capital.

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All of the following are true regarding projected financial statements except: A. Preparing projecte...