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: 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.
Business
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The evaluating process ends when you have delivered the report
Indicate whether the statement is true or false.
Business
Which of the following is true of the Sarbanes-Oxley Act of 2002?
A) It follows the traditional approach to corporate governance. B) It established the Public Company Accounting Oversight Board. C) It requires external auditors to certify financial reports. D) It requires a separate team to be formed to certify financial reports.
Business