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1. Pro Forma Statements Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes): Thecompanyhaspredictedasalesincreaseof15percent.Ithaspredictedthateveryitemonthebalancesheetwillincreaseby15percentaswell.Createtheproformastatementsandreconcilethem.Whatistheplugvariablehere?

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  • 1. Pro Forma Statements Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes):
  • Thecompanyhaspredictedasalesincreaseof15percent.Ithaspredictedthateveryitemonthebalancesheetwillincreaseby15percentaswell.Createtheproformastatementsandreconcilethem.Whatistheplugvariablehere?
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