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Which of the Following Statements Is True of the Financial

Question 61

Multiple Choice

Which of the following statements is true of the financial statements and reports found in a business plan?


A) The financial statements include the balance sheet,cash flow,and expense accounts.
B) The assumptions accompanying the financial statements are not as important as other components of the financials.
C) For all types of business plans,a set of financial reports or projections are the central component of the Appendix.
D) The assumptions are simply what you assume will happen in the first year.

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