How should an analyst treat special items?
Answer to relevant QuestionsAn ability to estimate future returns (when right of return exists) is an important consideration in revenue recognition. Identify factors impairing the ability to predict future returns.Define income. Distinguish income from cash flow.Describe the conditions that are usually required before revenue is considered realized.Contrast the computation of total interest costs of a bond issue with warrants attached to an issue of convertible debt.What are the disclosure requirements when accounting for income taxes?
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