(Answered) Problem1 pro forma statements are1 summaries of historical

Finance

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.

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