What is the relationship or connection between a company's pro forma financial statements and the end-of-period financial statements reported to stockholders and other external users?
What will be an ideal response?
Answers will vary
Pro forma financial statements are based on budgets, while the end-of-period financial statements are based on actual results of operations. The pro forma financial statements should be prepared in a format similar to the end-of-period financial statements, to facilitate comparisons between budgeted results and actual results.
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The researcher who consistently studied path-goal theory from the 1970s to 1990s is ______.
A. Bass B. Hersey C. Vroom D. House
Subjects connected by and require a _______________
a. comma b. plural verb c. conjunction d. modifier
Many companies use free cash flow to estimate the amount of cash that would be available for unexpected opportunities
Indicate whether the statement is true or false
Markham Industries is studying the profitability of a change in operation and has gathered the following information: Current Operation Anticipated OperationFixed costs$38,000 $48,000 Selling price$16 $22 Variable costs$10 $12 Sales (units) 9,000 6,000 Should Markham Industries make the change?
A. No, because the company will be worse off by $22,000. B. Yes, the company will be better off by $6,000. C. No, because sales will drop by 3,000 units. D. No, because the company will be worse off by $4,000. E. It is impossible to judge because additional information is needed.