Pro Forma Financial Statements Are Statements Based on Which One

question 77

Multiple Choice

Pro forma financial statements are statements based on which one of the following?

• A) projected future income, cash flows, and other non-cash items
• B) historical revenue and expenses
• C) historical asset and liability values
• D) current period cash flows
• E) current period revenues and expenses

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Definitions:

Motivates

The act of providing motivation or encouragement to someone to inspire action or elicit a desired behavior.

Values

Worth or importance you attach to various factors in your life.

Embellish

To add decorative details or features to something, often in a way that makes it more attractive or interesting.

Resume

A document created and used by a person to present their background, skills, and accomplishments, often for securing employment.