1. In projecting a most-likely set of financial statement for a company, one should perform the
following steps in which sequence? (āđāļĢāļĩāļĒāļāļĨāļģāļāļąāļāļāļąāđāļāļāļāļāļāļēāļĢāļāļąāļāļāļģāļāļĢāļ°āļĄāļēāļāļāļēāļĢāļāļēāļāļāļēāļĢāđāļāļīāļ)
i) Set hypotheses (āļāļąāđāļāļŠāļĄāļĄāļāļīāļāļēāļ)
ii) Profit and loss, Cash flow summary, Profit and loss and Cash flow summary
(āļāļĢāļ°āļĄāļēāļāļāļēāļĢāļāļāļāļģāđāļĢāļāļēāļāļāļļāļ, āļāļāļāļĢāļ°āđāļŠāđāļāļīāļāļŠāļ)
iii) Examine recent historical trend (āļĻāļķāļāļĐāļēāļāđāļāļĄāļđāļĨāđāļāļ§āđāļāđāļĄāđāļāļāļāļĩāļ)
iv) Consider events likely to significantly affect financial performance.
(āļāļīāļāļēāļĢāļāļēāļāļķāļāđāļŦāļāļļāļāļēāļĢāļāđāļŠāļģāļāļąāļāļāļĩāđāļĄāļĩāļāļēāļāļĄāļĩāļāļĨāļāđāļāļāļĨāļāļĢāļ°āļāļāļāļāļēāļĢāļāļāļāļāļļāļĢāļāļīāļ)
(a) i, ii, iii and iv
(b) ii, iii, iv and i
(c) iii, iv, i and ii
(d) iv, iii, ii and i