Author Question: Pro forma accounting statements as used in business financial planning means: a. actual accounting ... (Read 250 times)

abern · **on:** Jun 29, 2018

Pro forma accounting statements as used in business financial planning means:
a. actual accounting of income and expenses
b. actual accounting of assets and liabilities
c. a statement of anticipated costs and revenues or change in assets, liabilities and equity based upon prior (operating) financial performance.
d. none of the above

Question 2

Empowerment is not a good idea for service organizations that adopt customized service as a business strategy and consider building long-term relationships a goal.

Indicate whether the statement is true or false

babybsemail · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

C. Pro forma means in name only. It is a plan for the future, but is based upon past and current financial records. It is a picture of planned income and expenditures as well as changes in the assets, liabilities and equity positions of the firm into the next/future period.

Answer to Question 2

F