Question: Return to questionItem 2 Required information Problem 7 - 2 3 A ( Algo ) Preparing a master budget for retail company with no beginning
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Problem A Algo Preparing a master budget for retail company with no beginning account balances LO
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Munoz Company is a retail company that specializes in selling outdoor camping equipment. The company is considering opening a new store on October year The company president formed a planning committee to prepare a master budget for the first three months of operation. As budget coordinator, you have been assigned the following tasks.
Problem A Algo Part
Required
Prepare a pro forma income statement for the quarter.
Prepare a pro forma balance sheet at the end of the quarter.
Prepare a pro forma statement of cash flows for the quarter.
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