Pro forma statements are tools used by the company to monitor its profitability and obligations for the previous and/or current year year.

Name: Pro forma statements are tools used by the company to monitor its profitability and obligations for the previous and/or current year year.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Pro forma statements are forward-looking financial statements used to project future financial performance, not to monitor past or current profitability and obligations.

Pro Forma Statements Are Tools Used by the Company to Monitor