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- Discuss matching principle and its impact on the income statement - What is the difference between recurring and non-recurring and operating and non-operating items.

  • - Discuss matching principle and its impact on the income statement

  • - What is the difference between recurring and non-recurring and operating and

    non-operating items. Give examples.

  • What are extraordinary items? Give examples

  • What is earning persistence? List its determinants

  • List the different derivatives contracts and briefly define them

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