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Basic Question 8 of 10
For most companies, projections for ______ are least likely to be tied to the income statement.
B. accounts receivable.
C. long-term assets.
A. retained earnings.
B. accounts receivable.
C. long-term assets.
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 |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
demonstrate the development of a sales-based pro forma company model
CFA® 2025 Level I Curriculum, Volume 3, Module 12.