Question: What is important to understand about the label pro forma? a. Pro forma refers to GAAP-based financial statements. b. Pro forma requires firms to present

What is important to understand about the label pro forma?

a.

Pro forma refers to GAAP-based financial statements.
b.

Pro forma requires firms to present two distinct net profit amounts in their Form 10-Ks.
c.

Pro forma relates to the amount of debt in a firms capital structure.
d.

Pro forma earnings or financial statements are sometimes based on a firms own definition which is not technically a correct definition.

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