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Which of the following statements is true regarding pro forma financial statements? Pro forma statements are rarely prepared in advance. Pro forma statements are only

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Which of the following statements is true regarding pro forma financial statements? Pro forma statements are rarely prepared in advance. Pro forma statements are only used for tax purposes. Pro forma statements need not be accurate to be useful to the financial manager. Pro forma statements need only be prepared when applying for a bank loan. Pro forma statements represent the best current estimate of the future

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