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Which one of the following is false regarding projected financial statements: O Preparing projected financial statements must incorporate a company's past and current performance. Profit

Which one of the following is false regarding projected financial statements: O Preparing projected financial statements must incorporate a company's past and current performance. Profit margin forecast should exclude items not expected to repeat. The statement of cash flows is the most critical forecast since it reflects future cash flows available for common shareholders. Analyst should perform sensitivity analysis on forecastsimage text in transcribed

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