Persistent Earnings Identify each of the following items as either (P) persistent, or (T) transitory. a. Sale
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Persistent Earnings Identify each of the following items as either (P) persistent, or (T) transitory.
a. Sale of merchandise.
b. Settlement of a lawsuit.
c. Interest income.
d. Payment to vendors.
e. Loss from expropriations of property by a foreign government.
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