A pro forma statement is
A)a comparative financial statement of the current year's results versus the prior year's results.
B)a statement by management,commenting on the results of the current operating period.
C)a projected financial statement based on predicted results.
D)an agreement between a company and its lenders,describing details concerning the loan payback.
E)a statement by the Internal Revenue Service,accepting a company's tax returns.

Question

Quizplus · Accepted Answer

A pro forma statement is a projected financial statement that is based on predicted results. It is often used for planning purposes, such as creating budgets or forecasting future financial performance.

A Pro Forma Statement Is