________ are projections for future periods based on forecasts and are typically completed for two to three years into the future.
A) Chronological financial statements
B) Pro forma financial statements
C) Ad-hoc financial statements
D) Concurrent financial statements
E) Historical financial statements

Question

Quizplus · Accepted Answer

Pro forma financial statements are projections for future periods based on forecasts and are typically completed for two to three years into the future. They are used by businesses to evaluate potential future outcomes and make informed decisions.

________ Are Projections for Future Periods Based on Forecasts and Are