Stub. Balance Sheet LBO
When modelling a 3 statement LBO, and transaction date is e.g. 31-March-Year X, how would I project the BS? Is there a stub BS, similar to IS and CFS ?
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Balance sheet is a stock. IS and CF are flows.
You need a balance sheet for the closing date. You should be able to reconcile 31-Dec-20XX-1 to Closing to 31-Dec-20XX through the IS and CF.
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