C17.14. Some firms suggest that investors focus onpro forma earnings rather than reportedearnings. Theirproforma earnings usually exclude

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C17.14. Some firms suggest that investors focus on"pro forma" earnings rather than reportedearnings.

Theirproforma earnings usually exclude amortizations of goodwill andshares oflossesin subsidiaries. Is thisgood advice?

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Financial Statement Analysis And Security Valuation

ISBN: 9780071267809

4th International Edition

Authors: Penman-Stephen-H, Steven Penman

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