Problem:
1. Pro forma statements are:
1. Summaries of historical financial statements
2. Government-mandated analyses of financial statements
3. Projected statements used in financial planning
4. Estimated tax liabilities
2. "Real" activities create cash for a business, while "financial" activities distribute cash within the company.
True or False
Additional Information:
These two objective questions is from Finance and the first question is what are pro forma statements and second question is about the difference between real activities and financial activities.