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 coming year
B)the projected sales for the past year
C)next year's financial statements
D)this year's financial statements

Question

Quizplus · Accepted Answer

Pro forma statements are used to make financial projections based on certain assumptions, and one of the primary inputs used to create these projections is the projected sales for the coming year. The other primary input is typically the expected expenses for the same period.

There Are a Variety of Ways to Produce Pro Forma