A pro forma statement sets out the financial predictions of a company
A pro forma statement sets out the financial predictions of a company on an “as if” basis—that is, it projects future performance based on a set of operating and sales facts.
Indicate whether the statement is true or false.
ANSWER
Answer: FALSE
Explanation: A pro forma statement sets out the financial predictions of a company on an “as if” basis–that is, it projects future performance based on a set of operating and sales ASSUMPTIONS.
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