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QUESTION 5 When forecasting next year's balance sheet, what happens when the initial balance sheet projection reports estimated total assets greater than the sum of
QUESTION 5
When forecasting next year's balance sheet, what happens when the initial balance sheet projection reports estimated total assets greater than the sum of total estimated liabilities and equity?
| The company expects to have excess cash available for investment purposes. | ||
| The company will need additional financing from external sources. | ||
| The company projected a loss. | ||
| The company will not be able to pay for expenses in the future. | ||
| None of these choices are correct. |
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