All of the following points are true regarding the key principles of forecasting except: Select one: a. Financial statement forecasts must rely on assumptions that have external validity b. Financial statement forecasts must be internally consistent c. Financial statement forecasts need not be comprehensive d. Forecasts should not manifest wishful thinking

Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter10: Forecasting Financial Statement
Section: Chapter Questions
Problem 1QE
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4. All of the following points are true regarding the key principles of forecasting except:

Select one:
a.
Financial statement forecasts must rely on assumptions that have external validity
b.
Financial statement forecasts must be internally consistent
c.
Financial statement forecasts need not be comprehensive
d.
Forecasts should not manifest wishful thinking
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