Is always presented on a generally accepted accounting principles (GAAP) basis
Answer: Option B.
Step-by-step explanation:
Pro forma statements incorporate changes made to GAAP explanations to give a "genuine" image of the organization's accounts. Pro forma proclamations can be increasingly precise however they can likewise be manhandled, as specific charges that truly have a place can be avoided, for example, stock-based remuneration.
With making it based on GAAP, the statements are made more precise and concise. They are made accurate.