Which of the following is a common method for forecasting operating liabilities? Assume that there...
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Finance
Which of the following is a common method for forecasting operating liabilities? Assume that there is no additional, specific information about the firms liabilities.
| Plug the amount based on nonoperating liability accounts | ||
| Calculate the average operating liabilities using historical data | ||
| Calculate and use the account as a percent of sales for the prior year | ||
| Assume no change in the account balance |
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