Which one of the following statements regarding pro-forma financial statements is false?

a. Pro-forma financial statements include an income statement, a balance sheet, and a statement of cash flows.

b. The pro-forma financial statements complete the master budget for a company.

c. Pro-forma financial statements help companies make decisions regarding dividends and management bonus opportunities for the coming year.

d. Most companies do not create pro-forma financial statements because of the many assumptions required.