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When creating pro forma financial statements, the sum of debt and equity may be less than total assets even after considering the inclusion of retained
When creating pro forma financial statements, the sum of debt and equity may be
less than total assets even after considering the inclusion of retained earnings. This
situation will cause the firm to have:
An asset reduction need.
An internal financing need.
An external financing need.
An additional liability need.
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Finance For Growing Enterprises
Authors: Edward W. Davis, Roger Buckland
1st Edition
1138679941, 978-1138679948
