PROSPECTIVE FINANCIAL STATEMENTS Definition

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PROSPECTIVE FINANCIAL STATEMENTS are either financial forecasts or financial projections. Prospective financial statements may cover a period that has partially expired. Statements for periods that have completely expired are not prospective financial statements.

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THIN MARKET is a market in which there is not an abun­dance of securities available, where any activity, either a purchase or sale, may have a substantial effect on market prices. See TIGHT MARKET.

3-WAY MATCHING is the comparison of relevant voucher, purchase order, and receiver.

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