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ACG3073- WEEK 12-CHAPTER ASSIGNMENT ABC Company is preparing its master budget for the first quarter of its calendar year. The following forecasted data relate to

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ACG3073- WEEK 12-CHAPTER ASSIGNMENT ABC Company is preparing its master budget for the first quarter of its calendar year. The following forecasted data relate to the first quarter: Required: 1. Prepare a budgeted income statement for this first quarter. 2. Does it appear that ABC's Company will remain solvent, or could it be heading for a cash crisis? 3. What suggestions can you make to help Osborn improve her company's cash flow

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