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Prepare the annual pro forma financial statements that you would expect Nancy to prepare based on her comments about her expectations for the business. Assume no principal will be repaid on the loan.

b. Review the statements you prepared for the first requirement and prepare a list of reasons why actual results for Justin and Nancy's business probably will not match their budgeted statements.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91889061

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