Question

Pro forma financial statements are the most comprehensive means of financial forecasting. projections of financial statements for a future period. often required by prospective creditors. All of the options are true

Answer 1

Answer:

The correct answer is All of the options are true.

Explanation:

Proforma financial statements are projected statements. Generally, the data is forecast one year in advance, for example, in a transformation company the proforma status obtained based on the master budget is very complete, all projections are seen starting with the sales forecast and from this They make the other projections.

The Proforma Financial Statements are states that contain, in whole or in part, one or more assumptions or hypotheses in order to show what the financial situation or the results of the operations would be if they occurred.