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Which of the following statements concerning pro forma disclosures is not true? Multiple Choice They show the effects of major transactions that occur after the

Which of the following statements concerning pro forma disclosures is not true?

Multiple Choice

They show the effects of major transactions that occur after the end of the fiscal period.

They show the effects of major transactions that have occurred during the year but are not fully reflected in the company's historical cost financial statements.

The SEC requires these to be presented only when the company has made an unusual asset exchange, or a restructuring of existing indebtedness.

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