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3 January, 18:40

A pro forma income statement: Group of answer choices

forecasts revenue and expenses for a future period

summarizes sales and expenditures for the previous year

displays revenues and expenses for the past month

is used to complete a common-size income statement

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Answers (1)
  1. 3 January, 18:59
    0
    forecasts revenue and expenses for a future period

    Explanation:

    As we know that

    The income statement records the revenues earned and the expenses incurred for the particular period

    The expenses are shown on the debit side whereas the revenues are shown on the credit side

    On the other hand, the pro forma income statement is the income statement that is prepared on the projection, estimates for a future period.
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Home » Business » A pro forma income statement: Group of answer choices forecasts revenue and expenses for a future period summarizes sales and expenditures for the previous year displays revenues and expenses for the past month is used to complete a common-size
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