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npeelman npeelman
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6 years ago
ABC Company has requested PA to prepare prospective financial information to assist with the acquisition of a bank loan. The prospective financial information is being prepared using management's best estimate of future sales and expenses. The type of information being prepared is a(n)
A) forecast.
B) projection.
C) prospective financial statement.
D) prospectus.
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Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
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inthe80sinthe80s
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