Question

The process of estimating expected future cash flows of a project using only the relevant parts of the balance sheet and income statements is referred to as

Answer 1

pro forma analysis

Step-by-step explanation:

• The process of estimating expected future cash flows of a project
• Through this analysis the financial means the future cash flows are calculated and the managers use the pre-determined financial statements, that is the balance sheet and the income statements.
• so correct answer is income statements is referred to pro forma analysis