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