Estimated or hypothetical financial statements are called
A)pro forma statements.
B)assumed income statements.
C)tentative balance sheets.
D)annual report statements.

Question

Quizplus · Accepted Answer

Pro forma statements are estimated or hypothetical financial statements that show the potential financial results of a business decision or event. They are often used in financial modeling and forecasting, and can include projected balance sheets, income statements, and cash flow statements.

Estimated or Hypothetical Financial Statements Are Called