a. Why is the determination of earnings quality and persistence important? b. Explain the recasting of the
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Question:
a. Why is the determination of earnings quality and persistence important?
b. Explain the recasting of the income statement, and give three examples of items that are recast.
c. Explain the adjusting of the income statement, and give three examples of items that are recast.
Expert Answer:
Answer a The determination of earnings quality and persistence is important because it helps investors and analysts understand a companys financial st... View the full answer
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