Pro forma income usually excludes items that the company thinks are unusual or nonrecurring.

Name: Pro forma income usually excludes items that the company thinks are unusual or nonrecurring.
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Quizplus · Accepted Answer

Pro forma income statements are typically used to present a hypothetical view of a company's financial results that excludes nonrecurring or unusual items, such as one-time charges or gains from the sale of assets. This allows for a clearer view of the company's ongoing operations and profitability.

Pro Forma Income Usually Excludes Items That the Company Thinks