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Question 2: A pro forma financial statement is a financial statement that: A. expresses all values as a percentage of either total assets or total

Question 2:

A pro forma financial statement is a financial statement that:

A. expresses all values as a percentage of either total assets or total sales.

B. compares actual results to the budgeted amounts.

C. compares the performance of a firm to its industry.

D. projects future years' operating results.

E. values all assets based on their current market values.

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