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Forecasting with the Percentage of Sales approach to creating Pro Form Statements is a commonly used technique. The following is an example of a spontaneously
Forecasting with the Percentage of Sales approach to creating Pro Form Statements is a commonly used technique. The following is an example of a spontaneously changing (an item which varies with sales) account when using the Percentage of Sales approach:
Notes Payable
Debentures
Common Stock
Prepaid Expenses
None of the above
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