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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
    If a Financial Statement Is Labeled "Pro Forma," This Means
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If a Financial Statement Is Labeled "Pro Forma," This Means

Question 119

Question 119

True/False

If a financial statement is labeled "pro forma," this means that the statement was prepared by a professional accountant (usually the firm's auditor)following a prescribed format.

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