Which of the Following Statements Concerning Pro Forma Disclosures Is

question 1

Multiple Choice

Which of the following statements concerning pro forma disclosures is not true?

• A)They show the effects of major transactions that occur after the end of the fiscal period.
• B)They show the effects of major transactions that have occurred during the year but are not fully reflected in the company's historical cost financial statements.
• C)The SEC requires these to be presented only when the company has made an unusual asset exchange,or a restructuring of existing indebtedness.
• D)They often take the form of summarized financial statements.

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