In the next planning period, a firm plans to change its policy of all cash sales and

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In the next planning period, a firm plans to change its policy of all cash sales and initiate a credit policy requiring payment within

30

days. The statements that will be directly affected immediately are the

. . .

1 .

pro forma balance sheet and cash budget.

2 .

cash budget and statement of retained earnings.

3 .

pro forma income statement and pro forma balance sheet.

4 .

pro forma income statement, pro forma balance sheet and cash budget.

Posted Date: May 18, 2024 03:16 PM

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In the next planning period, a firm plans to change its policy of all cash sales and

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