Which of the following statements concerning pro forma disclosures is not true? a) They show the effects
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Question:
Which of the following statements concerning pro forma disclosures is not true?
a) They show the effects of major transactions that occur after the end of the fiscal period.
b) They show the effects of major transactions that have occurred during the year but are not fully reflected in the company's historical cost financial statements.
c) The SEC requires these to be presented only when the company has made an unusual asset exchange, or a restructuring of existing indebtedness.
d) They often take the form of summarized financial statements.
Related Book For
Equity Asset Valuation
ISBN: 978-0470571439
2nd Edition
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson , John D. Stowe, Abby Cohen
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