Extraordinary gainslosses Study guides, Class notes & Summaries

1. What is generally not considered to be a pre-tax non-recurring (unusual or infrequent) item?: Ans- Extraordinary gains/losses 2. what is false about depreciation and amortization: Ans- D&A may be classified within interest expense 3. Company X's current assets increased by $40 million from while the companies current liabilities increased by $25 million over the same period. the cash impact of the change in working capital was: Ans- a decrease of 15 million 4. the final component of...

Extraordinary gains/losses & gains/losses on sale of assets are considered pre-tax or post tax line items? - Correct Answer Extraordinary gains/losses = Post-tax Gains/losses on sale of assets = pre-tax The cash impact of the change in working capital is: - Correct Answer The opposite sign (negative) A 10-Q is issued how many times a year? - Correct Answer 3 times. The 4th quarter is replaced with the 10-K depreciation on manufacturing equipment is found in what line item? - Corre...

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