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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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