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Given One or More Hypothetical Assumptions, a Responsible Party May

Question 34

Multiple Choice

Given one or more hypothetical assumptions, a responsible party may prepare, to the best of its knowledge and belief, an entity's expected financial position, results of operations and changes in cash flows.Such prospective financial statements are known as:


A) financial projections.
B) pro-forma financial statements.
C) financial forecasts.
D) partial presentations.

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