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Nordic Company, a merchandising company, prepares its master budget on a quarterly basis. The fol-lowing data have been assembled to assist in preparation of the

Nordic Company, a merchandising company, prepares its master budget on a quarterly basis. The fol-lowing data have been assembled to assist in preparation of the master budget for the second quarter. a. As of March 31 (the end of the prior quarter), the company's balance sheet showed the fol

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