A venture s profitability can be gleaned from :

(A) The income statement

(B) The cash flow statement

(C) The balance sheet

The total financing needs of a venture

(A) Are derived from the cash flow statement projections

(B) Are an assumption made by the entrepreneur

(C) Are chosen by an objective investor

When the investment required by a venture increases

(A) Valuation also increases

(B) The investor s ownership stake falls

(C) The entrepreneur s ownership stake falls