The ﬁnancial statements that reﬂect the projected results of future years' operations are called _______ statements.

Question

Quizplus · Accepted Answer

Pro forma statements are used to project the financial results of future operations based on assumptions and estimates. Incremental statements are not a commonly used term, cash flow statements reflect actual cash inflows and outflows, net working capital is a measure of a company's liquidity, and stand-alone statements do not provide a specific meaning.

The ﬁNancial Statements That Reﬂect the Projected Results of Future