Pro forma statements are tools used by the company to monitor its profitability and obligations for the previous and/or current year

Indicate whether the statement is true or false.


Answer: FALSE
Explanation: Pro forma statements are tools used by the company to forecast its profitability and obligations for the coming year.

Business

You might also like to view...

Why is it important to include seasonality in financial projections?

What will be an ideal response?

Business

In a buying center, the person who has the formal or informal power to choose or approve the selection of a supplier or brand is known as the _____

a. decider b. purchaser c. gatekeeper d. influencer

Business

Hybrid layouts ______.

a. are also known as combination layouts b. combine the advantages of make-to-order and engineer-to-order c. are inexpensive compared to process layouts d. combine the advantages of product and straight-line layouts

Business

Dividends distributed to stockholders should be treated as an expense of the business.

Answer the following statement true (T) or false (F)

Business