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1. Why must forecast income statement first? 2. What does the phrase the figures must gel mean in forecasting? 3. Explain how to forecast the

1. Why must forecast income statement first?

2. What does the phrase the figures must gel mean in forecasting?

3. Explain how to forecast the income statement.

4. Explain how to forecast the balance sheet.

5. Why is forecasting sales difficult?

6. Explain the 4 ways to test the accuracy of the forecasted financial statements?

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