Pro forma financial statements are
A) the most comprehensive means of financial forecasting.
B) often required by prospective creditors.
C) projections of financial statements for a future period.
D) all of the other answers are correct

Question

Quizplus · Accepted Answer

Pro forma financial statements are used to project future financial performance based on historical data and assumptions. These statements are often required by prospective creditors and are considered the most comprehensive means of financial forecasting. Therefore, all of the given options are correct.

Pro Forma Financial Statements Are