Question

For businesses that gross in excess of $10 million per year, pro forma amounts are usually ________. rounded to the nearest ten thousand dollars rounded to the nearest one thousand dollars rounded to the nearest one hundred dollars stated in exact amounts.

Answer 1

Answer:

rounded to the nearest ten thousand dollars

Explanation:

The term pro forma financial statements refers to a type of financial statement which estimates future financial results. It doesn't follow the GAAP, instead it is designed to focus on specific figures about a company's expected earnings. Although pro forma financials are only expected financial statements, it is still illegal to mislead investors using them.