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Title: In a period of rising sales, utilizing past cost and expense ratios (percent-of-sales method) when ...
Post by: mantparn on Mar 6, 2017
In a period of rising sales, utilizing past cost and expense ratios (percent-of-sales method) when preparing pro forma financial statements will tend to ________.
A) overstate costs and overstate profits
B) overstate costs and understate profits
C) understate costs and overstate profits
D) understate costs and understate profits


Title: Re: In a period of rising sales, utilizing past cost and expense ratios (percent-of-sales method) ...
Post by: donnaban on Mar 6, 2017
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Title: Re: In a period of rising sales, utilizing past cost and expense ratios (percent-of-sales method) when ...
Post by: mantparn on Apr 29, 2017
Thanks for the assistance, I've marked your post as best answer