Describe pro forma income and the importance of pro forma income in the evaluation of the income statement. Choose at least two items that are excluded from pro forma income. Suggest to management why including the items would be misleading to inve

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Describe pro forma income and the importance of pro forma income in the  evaluation of the income statement. 

Choose at least two items that are  excluded from pro forma income. Suggest to management why including the  items would be misleading to investors and creditors. 

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