Pro Forma Statements Are Tools Used by the Company to Monitor

question 97

True/False

Pro forma statements are tools used by the company to monitor its profitability and obligations for the previous and/or current year.

---

Definitions:

Flooding

An exposure therapy technique used in psychology to treat phobias and anxiety disorders, or the occurrence of excessive water covering land that is usually dry.

Sterile Dressing

A germ-free covering applied to a wound to protect it from infection and promote healing.

Water

a colorless, tasteless, and odorless liquid essential to life, forming the world's lakes, rivers, seas, and rain, and a major component of the fluids of organisms.

Edema

A condition of body tissues containing abnormal amounts of fluid, usually intercellular; may be local or general.