Which number - study noted that in 2001, companies in the...

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Which number—net income or income from operations—should an analyst use in evaluating companies that have unusual items? Some argue that operating income better represents what will happen in the future. Others note that special items are often no longer special. For example, one
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Unformatted text preview: study noted that in 2001, companies in the Standard & Poors 500 index wrote off items totaling $165 billionmore than in the prior five years...
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This note was uploaded on 03/08/2011 for the course ACCOUNTING 14 taught by Professor Saeedi during the Spring '11 term at Amirkabir University of Technology.

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