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When an Accountant Compiles Projected Financial Statements, the Accountant's Report

Question 570

Multiple Choice

When an accountant compiles projected financial statements, the accountant's report should include a separate paragraph that:


A) Describes the differences between a projection and a forecast.
B) Identifies the accounting principles used by management.
C) Expresses limited assurance that the actual results may be within the projection's range.
D) Describes the limitations on the projection's usefulness.

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