True or Flase To compute pro for forma income companies generally can exclude an

Question

True or Flase To compute pro for forma income companies generally can exclude any items they deem inappropriate for measuring performance
True or Fasle Extraordinary gain and losses schould be disclosed in the income statement below discontinued operations net of taxes True or Flase To compute pro for forma income companies generally can exclude any items they deem inappropriate for measuring performance
True or Fasle Extraordinary gain and losses schould be disclosed in the income statement below discontinued operations net of taxes
True or Fasle Extraordinary gain and losses schould be disclosed in the income statement below discontinued operations net of taxes

Explanation / Answer

True, pro for forma income companies generally can exclude any items they deem inappropriate for measuring performance. Many experts are not comfortable of usinh pro forma income because it can make the companies financial good than they are in real.

True, As Extraordinary gain and losses is not recurring in nature and it must be shown seperately as it is not a regular Profit or loss so it must be shown seperately.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.