Managers often begin with an estimate of ________ when beginning to develop pro forma financial statements.
A)net income
B)sales
C)assets
D)equity

Name: Managers often begin with an estimate of ________ when beginning to develop pro forma financial statements. A)net income B)sales C)assets D)equity
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Question

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Sales is usually the starting point for developing pro forma financial statements, as it provides the basis for estimating other items such as cost of goods sold, expenses, and ultimately, net income.

Managers Often Begin with an Estimate of ________ When Beginning