The traditional use of the term _____ financial statements refers to projected financial statements based on some set of assumptions about the future.One set of assumptions might be that historical patterns (for example, growth rates or rates of return) will continue.
A)what-if
B)estimated
C)planned
D)pro forma
E)future

Question

Quizplus · Accepted Answer

The term "pro forma" is commonly used to refer to projected financial statements based on assumptions about the future. These statements are typically used for planning purposes, such as to assess the potential impact of a new project or investment. Pro forma financial statements are not based on actual results, but rather on estimated or projected results.

The Traditional Use of the Term _____ Financial Statements Refers