Explain the usefulness of this calculation. e. Pfizer reports substantial tax benefits related to stock option transactions.

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Explain the usefulness of this calculation.

e. Pfizer reports substantial tax benefits related to stock option transactions. State and justify whether these benefits should be considered part of cash from operations.

f. State and justify whether these benefits should be considered part of cash from operations if Pfizer recognized the cost of stock option grants in reported income.

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The Analysis And Use Of Financial Statements

ISBN: 9780471375944

3rd Edition

Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried

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