Pro forma statements required by bankers include all of the following EXCEPT
A) balance sheets.
B) cash flow statements.
C) income statements.
D) personal financial statements.

Question

Quizplus · Accepted Answer

Pro forma statements required by bankers typically include balance sheets, income statements, and cash flow statements to evaluate the financial health and stability of the borrower or the business. Personal financial statements are not typically required for a business loan, unless the borrower is a sole proprietor or the loan is secured using personal assets as collateral.

Pro Forma Statements Required by Bankers Include All of the Following