FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
Bartleby Related Questions Icon

Related questions

Question
Identify all false statements about non-GAAP earnings.
1. Public companies are required to reconcile non-GAAP earnings with GAAP earnings.
2. Non-GAAP earnings may be reported in a note to financial statements or in Management
Discussion & Analysis section.
3. Non-GAAP earnings are usually larger than GAAP earnings as a company selects to exclude
"unusual" or "nonrecurring" items.
4. Non-GAAP earnings is not audited by a CPA.
5. All U.S. public companies report some forms of non-GAAP earnings.
3 & 4
O 2 & 5
O 1, 2 & 5
O 1, 3 & 4
expand button
Transcribed Image Text:Identify all false statements about non-GAAP earnings. 1. Public companies are required to reconcile non-GAAP earnings with GAAP earnings. 2. Non-GAAP earnings may be reported in a note to financial statements or in Management Discussion & Analysis section. 3. Non-GAAP earnings are usually larger than GAAP earnings as a company selects to exclude "unusual" or "nonrecurring" items. 4. Non-GAAP earnings is not audited by a CPA. 5. All U.S. public companies report some forms of non-GAAP earnings. 3 & 4 O 2 & 5 O 1, 2 & 5 O 1, 3 & 4
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Text book image
FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Text book image
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Text book image
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Text book image
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Text book image
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Text book image
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education