Question

Telnet Corporation is a newly formed computer manufacturer. Telnet plans to begin operations on January 1, Year 2. Selected financial information is available for the preparation of Telnet’s six-month forecasted performance covering the period January 1 to June 30 of Year 2.


Required:
a. Prepare a pro forma income statement to portray the forecasted financial position of Telnet Corporation for the six-month period ended June 30, Year 2.
b. Prepare a pro forma balance sheet as of June 30, Year 2.
c. Prepare a cash forecast analysis as in Exhibit 9A.4 for the six-month period ended June 30, Year2.


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  • CreatedJanuary 22, 2015
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