Which of the Following Steps Can Be Omitted When Planning

question 43

Multiple Choice

Which of the following steps can be omitted when planning and developing a set of pro forma financial statements?

• A) Identify the factors that will affect the pro forma statements.
• B) Forecast which competitors will cut prices.
• C) Forecast the sales for the period.
• D) Forecast the remaining elements of the financial statements.
• E) Prepare the pro forma financial statements.

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