Pro forma financial statements rarely deviate from those compiled in accordance with GAAP.

Name: Pro forma financial statements rarely deviate from those compiled in accordance with GAAP.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Pro forma financial statements are not prepared in accordance with GAAP and are typically used to show potential future performance or the effects of hypothetical scenarios. As a result, they may deviate from GAAP financial statements.

Pro Forma Financial Statements Rarely Deviate from Those Compiled in Accordance