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Basic Question 0 of 2
Which financial statement is essential for estimating COGS and SG&A expenses?
B. Balance sheet
C. Cash flow statement
D. Statement of retained earnings
A. Income statement
B. Balance sheet
C. Cash flow statement
D. Statement of retained earnings
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
explain approaches to forecasting a company's operating expenses and working capital
CFA® 2025 Level I Curriculum, Volume 3, Module 7.