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FORENSIC ACCOUNTING 1. Please explain how this statement is possible The general methodology to measure lost profits is first to determine a firms lost revenues
FORENSIC ACCOUNTING
1. Please explain how this statement is possible "The general methodology to measure lost profits is first to determine a firms lost revenues and subtract its avoided costs or non-continuing expenses. The method is referred to as the top-down approach to lost profits. The bottom-up approach is defined as net income or loss plus continuing expenses. Theoretically, both methods should arrive at the same result."
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