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1. The_ budget shows planned expenditures for major asset acquisitions. 2. Forecasted financial statements are commonly referred to as financial statements 3. When forecasted assets

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1. The_ budget shows planned expenditures for major asset acquisitions. 2. Forecasted financial statements are commonly referred to as financial statements 3. When forecasted assets needed exceed forecasted liabilities, the discrepancy is called 4. The three general approaches to forecasting are experience, probability, and expenses 5. The balancing problem occurs when adjustments are made in_ associated with financing

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