The pro forma income statement gives managers an advance estimate of a company's profitability.

Name: The pro forma income statement gives managers an advance estimate of a company's profitability.
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A pro forma income statement provides a projected estimate of a company's future financial performance, including its revenues, expenses, and net income. This information can help managers plan for the future and make informed decisions about how to allocate resources and invest in new initiatives.

The Pro Forma Income Statement Gives Managers an Advance Estimate