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True or False - Pro-forma financial statements are great when preparing budgets, but actual decisions...

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Accounting

True or False - Pro-forma financial statements are great when preparing budgets, but actual decisions made do not really affect the financial statements

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This statement is False Proforma financial statements are projections or estimates of future financial performance and are indeed useful for budgeting and planning However the decisions made by a companysuch as investments    See Answer
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