Briefly describe the principle of the build-up method

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1. Explain why it is important to construct pro forma financial statements for new ventures.

2. What is the difference between the respective purposes of the balance sheet and the income statement?

3. Briefly describe the principle of the build-up method and its advantages.

4. What is the importance of building integrated financial statements?

5. The chapter says financial statements are obsolete immediately after they come off the printer. Why?

Reference no: EM13895516

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