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What is the correct order of the following steps in preparing a projected income statement (not all steps may be shown)? I. Project future net
What is the correct order of the following steps in preparing a projected income statement (not all steps may be shown)?
- I. Project future net sales
- II. Project future net income
- III. Project future cost of goods sold
- IV. Project future interest expense
A.I, III, II, IV
B.I, II, III, IV
C.I, III, IV, II
D.II, IV, III, I
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