Financial statements that are compiled based on expected future values are called _______ statements.

Name: Financial statements that are compiled based on expected future values are called _______ statements.
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Question

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Pro forma statements are compiled based on expected future values. They are typically used for financial forecasting and planning purposes, as well as in advance of mergers, acquisitions, or other significant business transactions that may impact financial performance.

Financial Statements That Are Compiled Based on Expected Future Values