There are a variety of ways to produce pro forma statements,but they usually rely on two primary inputs.One of these primary inputs is ________.
A)the projected sales for the current year
B)the projected sales for the past year
C)the prior year's financial statements
D)this year's financial statements

Question

Quizplus · Accepted Answer

Pro forma statements typically rely on the prior year's financial statements as one of the primary inputs to project future financial performance. This may include using historical data to forecast revenues, expenses, and other financial metrics.

There Are a Variety of Ways to Produce Pro Forma