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3 Cards in this Set

  • Front
  • Back

What is meant by the "integrity" of a pro forma?

Pro forma statements have integrity if the parts tie together according to the account relations that govern financial statements.

What is a red-flag indicator?

Feature within or outside financial statements that indicates fall in profitability in the future.

Why might shares in acquirer decline on announcement of acquisition?

Market believes:



- Acquirer overpaying for acquisition


- Acquirer is using shares to acquire which may indicate that acquirer's shares are overvalued