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Doctor Smith is contemplating the purchase of Dr. Johnson’s practice. Frank, his office manager, is about to prepare a worksheet combining the results of both practices so Dr. Smith can review it. Frank has a twelve-month financial statement for Dr. Smith’s office and a nine-month financial statement from Dr. Johnson’s office. Which of the following approaches is correct?

A. The nine-month statement should first be annualized

B. Consistency over time periods is not necessary, so Frank can proceed

C. Neither of the above

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92273025

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