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    Financial Management Principles and Applications Study Set 2
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    Exam 17: Financial Forecasting and Planning
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    When Using the Percent of Sales Method to Construct Pro
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When Using the Percent of Sales Method to Construct Pro

Question 19

Question 19

True/False

When using the percent of sales method to construct pro forma balance sheets, assets must equal liabilities plus equity before discretionary financial needs can be projected.

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