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What is the plug variable

What is the plug variable

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the plug variable? 
The most recent financial statements for Bison Inc. are shown below: Income Statement $7,600 5.180 Net Income 2,420 Sales Costs Assets Balance Sheet $21,700 Total Assets 21,700 Liabilities Equity 12.600 Total L & E 21,700 $9,100 In creating pro-forma financial statements, sales are projected to grow 10% next year. All other accounts are expected to increase the same amount. What is the plug variable?
Transcribed Image Text:The most recent financial statements for Bison Inc. are shown below: Income Statement $7,600 5.180 Net Income 2,420 Sales Costs Assets Balance Sheet $21,700 Total Assets 21,700 Liabilities Equity 12.600 Total L & E 21,700 $9,100 In creating pro-forma financial statements, sales are projected to grow 10% next year. All other accounts are expected to increase the same amount. What is the plug variable?
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