Pro-Forma Financial Statements Are

question 111

Multiple Choice

Pro-forma financial statements are

• A)Based on assumed rather than actual results.
• B)Used only in analyzing what has occurred in the past.
• C)Based on historical data.
• D)Not a component of the master budget.

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Definitions:

K-12

Refers to the collective years of kindergarten through twelfth grade education in the United States before college.

Weakest Reliability

Refers to the lowest level of consistency or dependability in the results or outputs of a test, measurement, or assessment tool.

Validity

The degree to which a test accurately measures what it purports to measure or the extent to which a study's conclusions can be considered true.

Readiness Tests

Tests that measure one’s readiness for moving ahead in school. Often used to assess readiness to enter kindergarten or first grade. It is a type of achievement test.