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Which of the following statements regarding pro forma financial statements is correct? Question 2 options: Pro forma balance sheets should focus on assets only. Pro

Which of the following statements regarding pro forma financial statements is correct?

Question 2 options:

Pro forma balance sheets should focus on assets only.

Pro forma statements are used quarterly to project future financial activity.

Pro form statements summarize the projected future status of a company based on current statements.

All of these answers.

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