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The first step in preparing the pro forma balance sheet is to:

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The first step in preparing the pro forma balance sheet is to:

 Options:

A. prepare the pro forma income statement
B. prepare the cash budget
C. prepare the statement of cash flows
D. examine the prior period’s balance sheet and translate the items through time

 

The Correct Answer Is:

  • D. examine the prior period’s balance sheet and translate the items through time

 

Conclusion

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