Question

An excerpt from the annual report of BCE Inc. is shown below. The excerpt shows summarized financial information, including calculations of earnings before interest, tax, depreciation, and amortization (EBITDA); adjusted net earnings; and free cash flows-all non-GAAP earnings measures. The company has also provided information on these calculations, which also is shown.
Instructions
Read the excerpts below. Discuss the pros and cons of management's decision to report additional earnings nun1bers outside of the traditional audited financial statements. In the case of this company, in your opinion, do you think that this presentation provides good, useful information?


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  • CreatedSeptember 18, 2015
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