Question: Given one or more hypothetical assumptions, a responsible party may prepare, to the best of its knowledge and belief, an entitys expected financial position, results

Given one or more hypothetical assumptions, a responsible party may prepare, to the best of its knowledge and belief, an entity’s expected financial position, results of operations, and changes in financial position. Such prospective financial statements are known as

a. Pro forma financial statements.

b. Financial projections.

c. Partial presentations.

d. Financial forecasts.

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