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Describe a Pro Forma Statement,identifying the Types of Pro Forma

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Essay

Describe a pro forma statement,identifying the types of pro forma statements a small business owner could use,and how the small business owner would create each.


Definitions:

Created

Brought into existence; having been made, formed, or developed from something else or from nothing.

Lessee

A person who acquires the right to possession and use of goods under a lease.

Inspects

To look at something or someone closely and carefully in order to discover information, especially about their quality or condition.

Pays

Relates to the act of settling a debt or fulfilling an obligation, particularly in the context of rendering payment for services or goods received.

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