The cost of most leases for business premises is based on the type of business that will occupy that space(e.g.,sale ofretail goods, retail service, light or heavy manufacturing, etc.).

1 TRUE

2 FALLS

17) Which of the following expense items may explain why net income on a pro forma income statement can have a lower value than the net cash flow on a forecasted cash flow statement that covers the same 12 month period as the pro forma income statement?

1.Depreciation

2.Pro forma

3.Income tax

4.Dividends declared

15) Which is not a form of primary data?

1.Internet surveys

2.Statistics Canada labour market surveys

3.Personal interviews

4.Market observation