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7. Which of the following are appropriate reasons to use projections? 1. To gain a...

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Accounting

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7. Which of the following are appropriate reasons to use projections? 1. To gain a common understanding of anticipated future performance 2. When you are not sure that management is being forthcoming in their explanations of past performance 3. When the financing is for a one-time, short-term need 4. To provide a basis for establishing financial covenants 1, 2, 3 1, 2, 3 and 4 2, 3 and 4 1 and 4

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