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 matter of fact"
D) All of these

Question

Quizplus · Accepted Answer

A pro forma statement projects future performance "as if" certain assumptions hold true. The other answer choices are not relevant to this definition.

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