What is a pro forma operating income statement?
What will be an ideal response?
A pro forma operating income statement is a statement forecasting the income that a product or service will
generate over the next three years.The Latin term pro forma means "as a matter of form," and shows expected
financial results of a venture in a standard format. Pro formas are widely used for new ventures, because they
indicate the anticipated profitability of proposed plans.
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Net cash provided by operating activities under the indirect method must be ________ net cash provided by operating activities under the direct method
A) equal to B) larger than C) smaller than D) none of the above
Which of the following is an exception to the suretyship provision requirement under the statute of frauds?
a. A collateral promise made to the creditor. b. A promise, the leading object of which is to obtain an economic benefit for oneself. c. A collateral promise where there are three parties and two contracts involved. d. A promise by an executor to pay the debts of the decedent from the executor's own funds.