A pro forma statement sets out the financial predictions of a company on an ________ basis-that is,it projects future performance based on a set of operating and sales assumptions.
A)"all or nothing"
B)"as if"
C)"as a matter of fact"
D)All of these

Question

Quizplus · Accepted Answer

Pro forma statements are financial projections based on a set of assumptions, which means they are not based on actual results (as a matter of fact) but rather on a hypothetical scenario (as if). "All or nothing" is not a relevant term here.

A Pro Forma Statement Sets Out the Financial Predictions of a Company