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Author Question: Pro-forma financial statements are prepared using the information developed in the budget process. ... (Read 49 times)

llesku

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on: Feb 5, 2023
Pro-forma financial statements are prepared using the information developed in the budget process. These statements reflect the results of operations and the financial position of the organization as if all actions planned in the budget had occurred. Many of the master budget components provide direct input to the pro-forma financial statements.

Required:

For each of the following components of the financial statements, indicate which pro-forma financial statement will show the item (Income Statement or Balance Sheet) and the budget(s) within the master budget where the item originated. Number 1 provides an example.

​Financial Statement ComponentPro-forma Financial StatementBudget(s) Where Items Originated
1.RevenueIncome statementSales budget
2.Selling expense​​
3.Accumulated depreciation​​
4.Bad debt expense​​
5.Short- or long-term debt​​
6.Cost of goods sold​​
7.Accrued expenses​​
8.Accounts payable​​
9.Interest expense​​
10.Raw materials inventory​​
11.Accounts receivable​​
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by llesku on Feb 5, 2023

my33251

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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llesku

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

amandalm

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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