Question
In the financial planning model, the external financing needed (EFN) as shown on a pro forma balance sheet is equal to the changes in assets:
In the financial planning model, the external financing needed (EFN) as shown on a pro forma balance sheet is equal to the changes in assets:
A. plus the changes in both liabilities and equity.
B. plus the changes in liabilities minus the changes in equity.
C. minus the change in retained earnings.
D. minus the changes in liabilities.
E. minus the changes in both liabilities and equity.
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Fintech For Finance Professionals
Authors: David Kuo Chuen Lee, Joseph Lim, Kok Fai Phoon, Yu Wang
1st Edition
9811241864, 978-9811241864
