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Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): The company has predicted a sales increase of 8 percent. It
Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): The company has predicted a sales increase of 8 percent. It has predicted that every item on the balance sheet will increase by 8 percent as well. Create the pro forma statements and reconcile them. What is the plug variable here? Multiple Choice $9,404 $9,420 $9,400 $17,484 $9,408 Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): The company has predicted a sales increase of 8 percent. It has predicted that every item on the balance sheet will increase by 8 percent as well. Create the pro forma statements and reconcile them. What is the plug variable here? Multiple Choice $9,404 $9,420 $9,400 $17,484 $9,408
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