With regards to financial statements,"pro forma" means:
A) Budgeted.
B) Prepared in advance.
C) Financial condition or position that can be expected if planning assumptions prove correct.
D) All of the answers are correct.

Question

Quizplus · Accepted Answer

Pro forma financial statements are prepared in advance to project a company's financial condition or position based on certain assumptions. They include budgeted or forecasted financial information, making all the given options correct descriptions of "pro forma."

With Regards to Financial Statements,"pro Forma" Means