Pro forma financial statements show the results of some event rather than a (an) event.
A)actual;assumed
B)assumed;actual
C)deterministic;probabilistic
D)none of the answers is correct

Question

Quizplus · Accepted Answer

Pro forma financial statements are based on assumed events or hypothetical scenarios, rather than actual events that have already occurred. They are often used to project the potential financial impact of a specific transaction or event, such as a merger or acquisition, new product launch, or expansion into a new market. Therefore, the correct choice is "assumed;actual" (B).

Pro Forma Financial Statements Show the Results of Some Event