Profit from the business will be included on the balance sheet in the assets section.
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Q25: The pro forma balance sheet depicts the
Q26: The purpose of the pro forma sources
Q27: Any amount due within a year is
Q28: Using a spreadsheet software package is helpful
Q29: As long as the selling price is
Q31: Owner equity is the excess of all
Q32: In projecting cash flows the most difficult
Q33: When projecting cash flows for the pro
Q34: Inventory is considered a source of funds
Q35: Rent and insurance are examples of variable
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