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Which of the following statements would NOT be a valid use of pro forma financial statements? A. to determine a firm's needs for financing B.

Which of the following statements would NOT be a valid use of pro forma financial statements?

  • A. to determine a firm's needs for financing

  • B. to enhance a firm's ability to offer shareholders guaranteed operating results

  • C. to analyze the effects of a firm's forecasts on its financial performance

  • D. to serve as a benchmark when comparing actual results to planned activities

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