Pro forma cash flow is:
A. projected cash inflow and outflow.
B. calculated from subtracting assets from liabilities.
C. cash flow calculated on past receipts and expenses.
D. cash flow based on the actual cash on hand.
Answer: A
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Colorado Company has provided you the following information:YearTaxable incomeIncome tax rate2018$390,000 35% 2019$320,000 37% 2020$400,000 40% 2021$(1,200,000) 40% Colorado has decided to use the loss carryback and carryforward provision as a result of the year 2021 loss. The enacted tax rate remains at 40% after year 2021. Colorado has determined that a valuation allowance is not necessary. Requirement:Prepare the journal entry on December 31, 2021 to record the carryback and carryforward decision.
What will be an ideal response?
According to the Organization for Economic Cooperation and Development, ________ is the largest single economy in the world
A) China B) India C) the United States D) Japan E) Russia
Which of the following was NOT included in Rawls’ equal liberties?
A. freedom of speech and thought B. right to vote C. freedom to own personal property D. freedom to profit from the highest gains possible
Exceptions to the use of inductive approach for bad-news messages include
a. messages addressing a very small, insignificant matter. b. memos sent within the company. c. oral presentations. d. all of the above