What Are the Differences Between GAAP Based and Pro Forma

question 19

Essay

What are the differences between GAAP based and Pro Forma financial statements?

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Definitions:

Substantive Conflict

A disagreement over goals, resources, rewards, policies, or procedures that has a significant impact on the tasks or outcomes.

Emotional Conflict

A situation where a person experiences mixed feelings or emotions about a decision, situation, or person, leading to internal turmoil or struggle.

Proxemics

The study of human use of space and the effects that population density has on behavior, communication, and social interaction.

Interpersonal Space

The physical distance maintained between individuals during social interactions, which can vary based on cultural norms and personal preferences.