Derrick is creating a constructed forecasted financial statement. Which of the following would inhibit a more accurate statement?
Question
Derrick is creating a constructed forecasted financial statement. Which of the following would inhibit a more accurate statement?
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Solution 1
There are several factors that could inhibit the accuracy of a forecasted financial statement. Here are a few:
- Lack of historical data: If Derrick does not have access to accurate and relevant historical data, it will be difficult for him to make accurate forecasts. Historical data is often used Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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