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Which of the following is true about forecasts? Forecasts present what management believes would occur...

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Accounting

Which of the following is true about forecasts?

Forecasts present what management believes would occur based on hypothetical assumptions in a "what if" scenario.

Forecasts present managements expected future results based on externally-provided hypothetical assumptions.

Forecasts present managements expected future results based on certain conditions and courses of actions which management believes will occur.

Forecasts present managements expected future results based on internally-provided hypothetical assumptions.

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