Forecasts of the income statement typically require estimates of cost of goods sold (gross profit) and operating
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Forecasts of the income statement typically require estimates of cost of goods sold (gross profit) and operating and nonoperating expenses (revenues) as a percentage of revenues. Identify at least three financial statement adjustments that we discuss in previous modules that might affect our forecasts for gross profit margin and operating expense percentages.
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Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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