A pro forma statement is a carefully formulated expression of predicted results conveyed in a statement.

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A pro forma statement is indeed a carefully formulated expression of predicted results conveyed in a statement. It is typically used in financial reporting and forecasting to provide a projection of future earnings, expenses, assets, and liabilities based on different scenarios, assumptions, and data inputs. Pro forma statements can help investors, analysts, and managers evaluate the potential impact of various business decisions, strategies, and market conditions on the financial performance of a company.

A Pro Forma Statement Is a Carefully Formulated Expression of Predicted