In its year-end earnings announcement press release, Brantley Corp. announced that its earnings increased by $15 million
Question:
In its year-end earnings announcement press release, Brantley Corp. announced that its earnings increased by $15 million relative to the previous year.
This represented a 20% increase. Inspection of its income statement reveals that the company reported a
$20 million gain under “Other revenues and gains”
from the sale of one of its factories. Discuss the implications of this gain from the perspective of a potential investor.
AppendixLO1
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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