Multiple Choice
Which of the following is true about a pro forma earnings number?
A) A pro forma earnings number is in total conformity with GAAP.
B) A pro forma earnings number is a forecast of earnings in future periods.
C) Reporting pro forma earnings by companies subject to SEC regulation is illegal.
D) A pro forma earnings number is regular GAAP earnings with certain exclusions.
Correct Answer:
Verified
Correct Answer:
Verified
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