Pro Forma Financial Statements Are

question 23

Multiple Choice

Pro forma financial statements are

• A)the most comprehensive means of financial forecasting.
• B)often required by prospective creditors.
• C)projections of financial statements for a future period.
• D)All of the options.

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Definitions:

Rents

Payments made for the use of property or land. In economics, it can also refer to income derived from the ownership of scarce resources.

Law Of Supply

A principle stating that, all else being equal, an increase in price results in an increase in quantity supplied.

Law Of Demand

The economic principle that, all else equal, an increase in the price of a good will decrease the quantity demanded, and conversely, a decrease in price will increase the quantity demanded.

Quantity

The amount or number of a material or immaterial entity that is measureable.