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Explain how the cash budget and the capital budget relate to pro forma financial statements.
The cash budget demonstrates the projected flow of cash in and out of the firm for specified time periods. The capital budget demonstrates planned expenditures for major asset acquisitions. Forecasters incorporate data from these budgets into pro forma monetary statements under the assumption that the budget figures will actually take place.
Securities Exchange Act of 1934 With this Act, the Congress created the Securities and Exchange Commission. The Act empowers the SEC with broad authority over all aspects of th
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