Recent headlines surrounding the financial demise of the nation?s seventh largest company, Enron, and its subsequent entanglements with its accounting and consulting firm, Arthur Andersen, have placed a cloud of suspicion upon many reasonable business practices that otherwise are considered standard procedure. The pro forma income statement is one of those practices.
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Sep_Oct_02_86-91
The Utility of Pro Forma Income Statements by Max Reiboldt, C.P.A., B.S. and John Reiboldt, BBA
