______ are either full or partial estimates, since projections are being made as opposed to recording actual transactions.
A) Income statements
B) Common-size financial statements
C) Pro forma financial statements
D) Statements of cash flows

Question

Quizplus · Accepted Answer

Pro forma financial statements are essentially financial projections, making them either full or partial estimates of a company's financial performance in the future, rather than records of past transactions.

______ Are Either Full or Partial Estimates, Since Projections Are