Which of the following guidelines is not a presentation that pro forma financial information should adhere to?
A) It should describe the transaction or event that is reflected in the pro forma financial information.
B) It should describe significant assumptions used to develop the pro format adjustments.
C) It should make clear that the pro forma financial information is indicative of results that would have been achieved had the transaction or event actually taken place at an earlier time.
D) It should describe any significant uncertainties about those assumptions.

Question

Quizplus · Accepted Answer

Pro forma financial information should not be presented as indicative of results that would have been achieved had the transaction or event actually taken place at an earlier time, as this can be misleading. Instead, it should be used to illustrate the potential impact of a transaction or event.

Which of the Following Guidelines Is Not a Presentation That