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The primary reason the income statement is forecast prior to the balance sheet in the financial planning process is because ______ must be estimated. current

The primary reason the income statement is forecast prior to the balance sheet in the financial planning process is because ______ must be estimated.

current liabilities that change naturally with changes in sales

funds that must raise externally through new borrowing or by selling new stock

the market value of stock in the coming year

the total of cash flows from various activities during the year

the amount of retained earnings the company expects to generate during the year

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