Question 7 1 pts The task of managing working capital accounts in multinational corporations is far simpler than in purely domestic firms because domestic firms are not affected by different languages, different cultures, different political environments, different economic conditions, and so forth False True 1 pts Question 8 The primary reason the income statement is forecast prior to the balance sheet in the financial planning process is because must be estimated the market value of stock in the coming year the amount of retained earnings the company expects to generate during the year current liabilities that change naturally with changes in sales funds that must raise externally through new borrowing or by selling new stock the total of cash flows from various activities during the year