in finance, the most vital and difficult aspect of financial forecasting is$...$

Preparation of the pro forma statements.

Forecasting the cash budget.

Obtaining good data for variables.

Determining the sales forecast.

Which of the following is not part of financial statements?

Cash flow statements.

Statement of owner$$s equity.

Income statement.

Reconciliation statement.

The market where a company would go to issue stock or bonds is the...

Seasoned Market.

Secondary Market.

Primary Market.

Treasury Market.

Valuations can be done based on all the following EXCEPT...

Discounted cash flow.

Comparable transaction multiples.

Current market prices.

Compounded profit analysis.

Which of the following statements is most correct as it relates to the recording of a capital lease?

It is show on the lessee$$s balance sheet as an asset amortized over the useful life.

It is listed as an asset on the lessor$$s balance sheet and amortized over lease period.

It is listed as an asset on the lessee$$s balance sheet and must be amortized over the lease period.

It is listed as a liability on the lessee$$s balance sheet an amortized over the lease term.