The primary objective of forecasting financial statements is to develop: financial statements for comparison to industry averages. O a projection of future cash flows for valuation purposes. a balance sheet and income statement that reflect past performance. None of the above.

The primary objective of forecasting financial statements is to develop: financial statements for comparison to industry averages. O a projection of future cash flows for valuation purposes. a balance sheet and income statement that reflect past performance. None of the above.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments

Section: Chapter Questions

Problem 19CYBK

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Question

is my response accurate

The primary objective of forecasting financial statements is to develop:
financial statements for comparison to industry averages.
O a projection of future cash flows for valuation purposes.
a balance sheet and income statement that reflect past performance.
None of the above.

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