Projected future financial statements are called:
A)imaginative statements.
B)pro forma statements.
C)reconciled statements.
D)aggregated statements.
E)comparative statements.

Question

Quizplus · Accepted Answer

Projected future financial statements are called pro forma statements. Pro forma financial statements are used to estimate the financial effects of specific changes, events, or assumptions on the company's financial position in the future. They are created based on assumptions, and they are commonly used for budgeting, planning, and decision-making purposes.

Projected Future Financial Statements Are Called