Pro Forma Statements for a Proposed Project Should

Multiple Choice

Pro forma statements for a proposed project should:
I.be compiled on a stand-alone basis.
II.include all the incremental cash flows related to the project.
III.generally exclude interest expense.
IV.include all project-related fixed asset acquisitions and disposals.

A) I and II only
B) II and III only
C) I, II, and IV only
D) II, III, and IV only
E) I, II, III, and IV