Solved: Pro forma earnings, Problem: Which one is not correct for pro forma earnings?, Accounting Basics

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Pro forma earnings

Problem: Which one is not correct for pro forma earnings?

A. Pro forma earnings are used in valuation by the investor.

B. Pro forma earnings are based on the current GAAP.

C. The company does not need to disclose how to calculate the pro forma earnings.

D. Pro forma earnings are voluntarily disclosed by the firm.

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Accounting Basics: Pro forma earnings

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