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Basic Question 2 of 5
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 am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe approaches to balance sheet modeling;
CFA® 2024 Level II Curriculum, Volume 2, Module 17.