Problem

Hamell Corporation is making a presentation to a perspective investor. The presentation in...

Hamell Corporation is making a presentation to a perspective investor. The presentation includes a projection showing that the company’s sales will be between $25,000,000 and $27,000,000 within the next three years. Hamell believes the information will be better received if its CPA provides an attestation report on the projection. The CPA should ensure that proper disclosure is made to indicate that

A. The $27,000,000 estimate is a best-case scenario.

B. The range of the projection is appropriate given the circumstances.

C. The range does not indicate a best- and worst-case scenario.

D. Projections are limited in their information content due to uncontrollable changes in the business environment.

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