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What can a company do with the information created from forecasting cash receipts and cash payments months in advance? O Reduce the need to spend money on research and development Prepare the statement of cash flows before the year is over Efficiently change from a LIFO to a FIFO system Arrange for necessary loans in advance

What can a company do with the information created from forecasting cash receipts and cash payments months in advance? O Reduce the need to spend money on research and development Prepare the statement of cash flows before the year is over Efficiently change from a LIFO to a FIFO system Arrange for necessary loans in advance

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What can a company do with the information created from forecasting cash receipts and cash payments months in advance? Reduce the need to spend money on research and development Prepare the statement of cash flows before the year is over Efficiently change from a LIFO to a FIFO system Arrange for necessary loans in advance
Transcribed Image Text:What can a company do with the information created from forecasting cash receipts and cash payments months in advance? Reduce the need to spend money on research and development Prepare the statement of cash flows before the year is over Efficiently change from a LIFO to a FIFO system Arrange for necessary loans in advance
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