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Insight Box Concept Check 7 When other gains and losses are included in operating income or adjusted against sales, general and administrative expenses, is correctly

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Insight Box Concept Check 7 When "other gains and losses" are included in operating income or adjusted against sales, general and administrative expenses, is correctly classifying income items from an investor's perspective. a company's income from operations and ability to control costs will be misstated. the company will be in violation of GAAP. cash flow from operating activities will be misstated

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