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Help with Balance Sheet Problem
#1
Should I update the balance sheet to reflect two recent hires that happened after the balance sheet was issued?

Note that the balance sheet is being used to analyze a company's health. So I am thinking either yes or update the second year of the Pro-Forma Income Statement to reflect it.
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#2
craigfin Wrote:Should I update the balance sheet to reflect two recent hires that happened after the balance sheet was issued?

Note that the balance sheet is being used to analyze a company's health. So I am thinking either yes or update the second year of the Pro-Forma Income Statement to reflect it.

A balance sheet is at a moment in time, as of December 31, 20xx, or whatever reporting period or fiscal year they use. So you wouldn't update the balance sheet until the next reporting period.
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#3
Okay thank you. So I will just update the 2nd year of the Pro-Forma Income Statement.
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