Which of the following is a prospective financial statement for general use upon which an accountant may appropriately report?

A. Financial projection

B. Partial presentation

C. Proforma Financial Statement

D. Financial Forecast

Correct answer should be D. Financial Forecast

Comment:

For General use statements, preparations is usually for third party users and should include financial forecast for the sale of hospital bonds.

For Limited use statements, preparations are solely for third party users which the owner of the financial statements deal directly, followed by the inclusion of financial projections in a banl loan applicaion form.