Author Question: A pro forma ________ forecasts the timing and amount of cash inflows and cash outflows. A) income ... (Read 121 times)

rl · **on:** Jul 11, 2018

A pro forma ________ forecasts the timing and amount of cash inflows and cash outflows.

A) income statement
B) balance sheet
C) cash budget
D) annual report

Question 2

In a sole proprietorship, the owner is personally responsible without limitation for the liabilities
incurred.

Indicate whether the statement is true or false