A Pro Forma Income Statement

question 12

Multiple Choice

A pro forma income statement:

• A)is used to complete a common-size income statement.
• B)forecasts revenue and expenses for a future period.
• C)summarizes sales and expenditures for the previous year.
• D)displays revenues and expenses for the past month.

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Definitions:

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Six Competencies

A set of six essential skills or abilities that are considered crucial for effective performance in a particular role or job.

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