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:

Acceptance Theory

A management principle that suggests organizational efficiency depends on employees' acceptance of management decisions.

Vision

Vision is a term used to describe a clear sense of the future.

Present State

The current condition or status of a person, group, project, or system at a specific point in time.

Personal Power

The influence or authority a person has over others due to their skills, qualities, or personal attributes, as opposed to formal authority.