________ are projections for future periods based on forecasts and are typically completed for two to three years in 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 in the future.

________ Are Projections for Future Periods Based on Forecasts and Are