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    Fundamental Managerial Accounting Concepts Study Set 1
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    Exam 7: Planning for Profit and Cost Control
  5. Question
    Pro Forma Financial Statements Are Prepared at the End of the Year
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Pro Forma Financial Statements Are Prepared at the End of the Year

Question 131

Question 131

True/False

Pro forma financial statements are prepared at the end of the year and are used to evaluate the performance of managers.

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