Financial statements that project what a firm's financial condition will be in the future are known as ______.
A) pro forma financial statements
B) common-size financial statements
C) balance sheets
D) statements of cash flows

Question

Quizplus · Accepted Answer

Pro forma financial statements are designed to give an idea of expected future financial conditions and performance, often used for budgeting, planning, or assessing future financial scenarios.

Financial Statements That Project What a Firm's Financial Condition Will