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Proforma Balance Sheet
This refers to the projected balance sheet at the finish of forecasting period. The items in the proforma balance that vary with sales would be determined in any type of the following two (2) ways:
i) % of sales x sales at last year of forecasting (2004); and
ii) Balance sheet item before forecasting in addition with increase in balance sheet item as a result of increase in sales.
AsStudents will analyze and synthesize the financial reports of an organization of their choice and present their findings in a PowerPoint presentation (with completed Notes sectio
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