Question
Which of the following statements is correct if a pro forma financial statements project net income of $12,000 and external financing required of $5,000? A.
Which of the following statements is correct if a pro forma financial statements project net income of $12,000 and external financing required of $5,000?
A. Dividends cannot exceed $10,000.
B. Retained Earnings cannot grow by more than $12,000.
C. Long-term debt cannot grow by more than $5,000.
D. Total Assets cannot grow by more than $10,000.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
6th Canadian edition
1259453146, 978-1259453144
