Business, 31.03.2020 04:24 ambriyaarmstrong01

What is important to understand about the label "pro forma"? Pro forma refers to GAAP-based financial statements. Pro forma requires firms to present two distinct net profit amounts in their Form 10-Ks. Pro forma relates to the amount of debt in a firm’s capital structure. Pro forma earnings or financial statements are sometimes based on a firm’s own definition which is not technically a correct definition.

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What is important to understand about the label "pro forma"? Pro forma refers to GAAP-based financia...

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