Which of the Below Does a Pro Forma Statement Tell

question 85

Multiple Choice

Which of the below does a pro forma statement tell us?

• A)For every sales dollar,it tells us what percentage went to produce the product.
• B)For every sales dollar,it tells us what percentage ends up as net income.
• C)For every sales dollar,it tells us how much shareholders received in dividends.
• D)Pro forma statements provide the information identified in all of the above choices.

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Definitions:

Cutbank

A steep cut or slope formed by lateral erosion of a stream, especially on the outside bend of a channel.

Gradient

The rate of change of a quantity (e.g., temperature, pressure, or elevation) with respect to distance in a given direction.

Headwaters

The source of a river or stream, generally found in the high elevation areas from which the river originates.

Mouth

The location where a stream, river, or canyon ends, such as where a river enters the sea.