What are pro forma statements?
A)Functional cash statements that were converted from traditional cash flow statements.
B)Statements that do not include projections.
C)Statements that include projections.
D)Traditional cash statements that were converted from functional cash flow statements.
E)None of the above.

Question

Quizplus · Accepted Answer

Pro forma statements are financial statements that include projections or forecasts for future periods. They are useful for planning purposes and for evaluating the potential impact of different scenarios or decisions on a company's financial performance. Pro forma statements can include projections for income statements, balance sheets, and cash flow statements, among others.

What Are Pro Forma Statements