A Pro Forma Statement Is

question 18

Multiple Choice

A pro forma statement is

• A)a comparative financial statement of the current year's results versus the prior year's results.
• B)a statement by management,commenting on the results of the current operating period.
• C)a projected financial statement based on predicted results.
• D)an agreement between a company and its lenders,describing details concerning the loan payback.
• E)a statement by the Internal Revenue Service,accepting a company's tax returns.

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