Pro Forma Financial Statement
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We have seen cases where companies that issue pro forma financial statements have painted a much rosier picture than what is actually occurring. If this is the case, why would investors even consider reading and reviewing pro forma statements issued by the company?
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Solution Summary
The solution discusses PFFS's and their usefulness in investment decisoins.
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Thank you for posting today. It is my goal to provide ideas, definitions, research help, and instructions on how you, the student, should approach the assignment.
Well, for starters, let's ask the SEC:
""Pro Forma" Financial Information: Tips for investors
Investors should always take the critical step of reading the financial statements of the companies they've invested in, or intend to invest in, because financial statements contain important corporate financial information that may not be readily apparent ...
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