Ask Question
BusinessBusiness
5 June, 21:47

Which of the following is not how a pro forma financial statement is used?

A) to reflect the current business environment

B) to determine the amount of money needed for a future project

C) to predict future years' operations

D) to analyze the effects of the firm's forecasts on its financial performance

+5
Answers (1)
  1. 5 June, 22:13
    0
    The answer is: A) to reflect the current business environment

    Pro forma financial statement refers to the financial statement that is made based on assumption or projection. This mean that the financial planning is made based on how the future would look like according to our own opinion.

    Current business environment cannot be considered as pro forma financial statement because it represent the situation that already happen. We does not need any projection to state current business environment.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following is not how a pro forma financial statement is used? A) to reflect the current business environment B) to determine ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
omeland Security has many rules, regulations, and procedures. New employees have to learn a lot before they are ready to work alone. This is the place for someone who likes a. creative work b. formalization c. unstructured work
Answers (1)
What is open-end credit?
Answers (1)
High and unexpected inflation has a greater cost Group of answer choices for those who borrow than for those who save. for those who hold a little money than for those who hold a lot of money.
Answers (1)
In 2011 oil production in Libya was interrupted by political unrest. At the same time, the demand for oil by China continued to rise. a. Demonstrate the impact on the quantity of oil bought and sold.
Answers (1)
Crystal is looking for a new apartment. her monthly rent payment is equal to $1,000, her annual rental insurance premium is $250, and the interest she loses on her security deposit (opportunity cost) is $20 per year.
Answers (1)
New Questions in Business
Match the following definitons with appropriate options given in below: Definitions: 1. A graphical representation of the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various
Answers (1)
Prior to recording adjusting entries, the Office Supplies account had a $372 debit balance. A physical count of the supplies showed $112 of unused supplies available. The required adjusting entry is:
Answers (1)
Swift Company manufactures two different bicycle models. Swift produces a high volume of products using standardized production runs and does very little product customization. Swift uses what type of technology structure?
Answers (1)
Select the item that can be answered by using knowledge. 1. A transaction's order date, amount sold, and quantity ordered 2. Taking into account external reasons for the recent underperformance of a good salesperson 3.
Answers (1)
This type of drug speeds up, increases, or heightens bodily functions.
Answers (1)
Home » Business » Which of the following is not how a pro forma financial statement is used? A) to reflect the current business environment B) to determine the amount of money needed for a future project C) to predict future years' operations D) to analyze the
Sign Up Forgot Password?