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Which of the following is the first step involved in constructing pro forma financial statements? Group of answer choices Forecasting the next period's balance sheet.

Which of the following is the first step involved in constructing pro forma financial statements?

Group of answer choices

Forecasting the next period's balance sheet.

Determining the additional funds needed (AFN) to support expected growth.

Forecasting the income statement.

Determining financing feedbacks.

Computing the firm's operating breakeven point

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