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List the reasons for preparing pro forma financial statements from GAAP financial statements. What are typical adjustments...

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Accounting

List the reasons for preparing pro forma financialstatements from GAAP financial statements. What aretypical adjustments made to GAAP statements whenpreparing pro forma statements used in forecasting?

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Pro forma financial information shall be furnished when any of the following conditions exist 1 During the most recent fiscal year or subsequent interim period for which a balance sheet is required by Regulation SX Rule 301 a significant business combination has occurred for purposes of these rules this encompasses the acquisition of an interest in a business accounted for by the equity method 2 After the date of the most recent balance    See Answer
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List the reasons for preparing pro forma financialstatements from GAAP financial statements. What aretypical adjustments made to GAAP statements whenpreparing pro forma statements used in forecasting?

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