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Question 1: Which one of the following helps improve the reliability of the sales forecast?
Option a) reduction of differences between actual and estimated amounts
Option b) creation of management awareness
Option c) consideration of industry trends
Option d) extension of the budget period
The comparative balance sheets and income statements for Gypsy Company follow:
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On January 1, 2013, Hardy Company had a balance of $150,000 in its Common Stock account.
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