CI05 7 - 8 will upvote thank you

Which of the following statements is incorrect? All the answers are correct except one. Change in Retained Earnings = Forecasted Net Income - Forecasted Dividends where the dividends are those paid to both the common and. preferred stockholders: The difference between total assets and total liabilities and owner's equity is referred to as discretionary financing needed (DFN, also called additiona! funds needed or required new funds). Depreciation expense depends on the amount and age of the firm's fixed assets, and therefore the changes in depreciation are not directly related to a change in sales in the short term. Common stock is a spontaneous sources of financing. Question 8 1 pts Which of the following statements is correct? The top-down method of forecasting sales involves discussions with customers to determine the expected demand for each product and expectations regarding prices, which are then used to create a firm-wide sales forecast. Accrued expenses is a spontaneous source of financing. Spontaneous sources of financing are the financing sources that require a large effort on the part of the firm to obtain. All the answers are correct. The fundamental premise of the percent of sales method is that some, but not all, income statement and balance sheet items maintain a constant relationship with the level of total assets