Question: A pro forma financial statement is a financial statement that:A ) expresses all values as a percentage of either total assets or total sales.B )

A pro forma financial statement is a financial statement that:A) expresses all values as a percentage of either total assets or total sales.B) compares actual results to the budgeted amounts.C) compares the performance of a firm to its industry.D) projects future years' operating results.E) values all assets based on their current market values.

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