Which Is NOT a Step in Performing a Projected Financial

question 34

Multiple Choice

Which is NOT a step in performing a projected financial analysis?

• A) Prepare the projected income statement before preparing the balance sheet
• B) Forecast sales as accurately as possible
• C) Use the percentage-of-sales method to project CGS
• D) Subtract from the net income any dividends to be paid for that year and bring this retained earnings amount over to the balance sheet
• E) Use the revenue account as the plug figure

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