A pro forma financial statement means:
A)looking at the current financial statement.
B)looking at the past financial statement.
C)preparing the current financial statement.
D)preparing a projected financial statement.

Question

Quizplus · Accepted Answer

A pro forma financial statement refers to a projected financial statement that estimates a company's financial performance based on future expectations and assumptions. Pro forma statements provide an estimate of future financial performance, which can be useful for budgeting, forecasting, and decision-making.

A Pro Forma Financial Statement Means