A pro forma statement sets out the financial predictions of a company on an ________ basis-that is,it projects future performance based on a set of operating and sales assumptions.
A)"all or nothing"
B)"as if"
C)"as a matter of fact"
D)all of these

Question

Quizplus · Accepted Answer

The phrase "as if" indicates that the financial predictions are based on hypothetical assumptions, not actual results (choice C). "All or nothing" (choice A) is not relevant to describing a pro forma statement. "All of these" (choice D) is too broad and not specific enough.

A Pro Forma Statement Sets Out the Financial Predictions of a Company