A projected profit-and-loss statement should be 100 percent accurate in the future dollar amounts it states.

Question

Hillary Bustillo · Accepted Answer

Final Answer : False, Explanation :  A projected profit-and-loss statement is an estimate of future revenues and expenses and cannot be 100 percent accurate due to the unpredictable nature of business and economic conditions.

A projected profit-and-loss statement should be 100 percent accurate in the future dollar amounts it states.

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