Question
In class we discussed Yelps 2019 earnings release, which included both net income and a non-GAAP earnings metric called adjusted EBITDA. Are the following 4
In class we discussed Yelps 2019 earnings release, which included both net income and a non-GAAP earnings metric called adjusted EBITDA. Are the following 4 statements true? If one statement is false, select false.\ \ Yelps income increased from 2018 to 2019\ Yelps adjusted EBITDA decreased from 2018 to 2019\ One motivation for adjusted earnings metrics, such as Yelps adjusted EBITDA metric, is that they represent core earnings which should be valued more than transitory earnings.\ One limitation of relying on a adjusted earnings is that they may lack comparability across firms.\ Group of answer choices\ \ True\ \ False
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