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Phoenix Company is launching a new product line that involves the purchase of new equipment. Management would like to prepare pro-forma financial statements in anticipation
Phoenix Company is launching a new product line that involves the purchase of new equipment. Management would like to prepare pro-forma financial statements in anticipation of this launch. What might they report on a pro-forma balance sheet? Projected cash outflows from the profit of the new line O Projected equipment purchases and depreciation O Projected sales from the use of the new equipment O Projected expenses from the use of the new equipment Skip
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