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Basic Question 8 of 10

For most companies, projections for ______ are least likely to be tied to the income statement.

A. retained earnings.
B. accounts receivable.
C. long-term assets.
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User Contributed Comments 1

User Comment
lwlee Long-term assets -> Depreciation or amortisation is quite important on cash flow projection? And buying long-term assets as well, i think it is quite difficult in determining the extent of impact on income statement solely by asset item type
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Lina

Lina

Learning Outcome Statements

demonstrate the development of a sales-based pro forma company model

CFA® 2025 Level I Curriculum, Volume 3, Module 12.