Pro forma accounting statements as used in business financial ...

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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

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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

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