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 options.

Question

Quizplus · Accepted Answer

Pro forma financial statements are projections of financial statements for a future period and are often required by prospective creditors. They are the most comprehensive means of financial forecasting and include projected income statements, balance sheets, and cash flow statements. Therefore, all of the options are correct.

Pro Forma Financial Statements Are