A company that you are considering investing in just reported annual earnings. The income for the current period, before an unusual item, is 10% higher than the net income for the prior year. This amount is also equal to the consensus analysts' earnigns forecast. Analysts forecast earnings before unusual items. The unusual item represents a large loss and the disclosures are somewhat vague regarding the nature of this item. Net income for the current year is lower than the prior year and missed analysts' consensus earnings forecasts by 5%. Discuss whether this earnings report represents good news or bad news. Be sure to consider earnings management in your