Question:
Another name for "pro forma financial statements" would be:
A. computer generated financial statements.
See Also
Pro Forma: What It Means and How to Create Pro Forma Financial StatementsUnderstanding Pro-Forma EarningsPro-Forma Forecast: What it is, How it Works, ExampleWhat is the Pro Forma Income Statement?B. projected financial statements.
C. historical cost financial statements.
D. external use financial statements.
E. None of these.
Financial Statements
Every organization is required to prepare four types of financial statements in sequential order at the end of each accounting period. Statements are the balance sheet, operation statement, statement of cash flows, and retained earnings.
Answer and Explanation:1
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The correct option is (B) Projected financial statements.
Pro-forma financial statements are also known as projected financial statements because...
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