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Which of the statements below is FALSE? A) The time when a sale is recorded is often different from the time cash is actually received.
Which of the statements below is FALSE?
A) The time when a sale is recorded is often different from the time cash is actually received.
B) A key element in a sales forecast is that the timing of the sale and the cash inflow from the sale often happen at different times.
C) We start the process of building a cash forecast with predicting the cash inflow from future sales: a sales forecast.
D) The amount and timing of sales are usually provided by the finance department.
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