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      Question

      When preparing a projected balance sheet for year (n +

      1), which of the following data is NOT essential?
      A Distribution of earnings for year (n + 1) Correct Answer Incorrect Answer
      B Proposed debt repayments during year (n + 1) Correct Answer Incorrect Answer
      C Expected change in current liabilities in year (n + 1) Correct Answer Incorrect Answer
      D Historical average of industry net profit margins Correct Answer Incorrect Answer

      Solution

      The correct answer is D

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