Projected Financial Statements can be prepared only if several other budgets are available, true?

The answer is 1. True

The reason is based on the available budgets a picture can be drawn about the projected financial statements.

True . projected financial statements are prepare after other budgets are done e.g sales budget, production budgets etc

First answer

 ..............1. true

true ......................................................................

I think sometimes we can use the historical performance for forecasting if we have a lack of breakdowns  

YES IT IS TRUE THAT