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    Managerial Accounting Study Set 24
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    Exam 5: Planning and Forecasting in a Manufacturing Setting
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    Pro-Forma Financial Statements Are
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Pro-Forma Financial Statements Are

Question 104

Question 104

Multiple Choice

Pro-forma financial statements are


A) based on assumed rather than actual results.
B) used only in analyzing what has occurred in the past.
C) based on historical data.
D) not a component of the master budget.

Correct Answer:

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