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Interim reporting: The following headline appeared recently: Delta's 3rd Quarter earnings tops analyst expectations due to strong travel demand and higher ticket sales, partially offset

Interim reporting: The following headline appeared recently:

"Delta's 3rd Quarter earnings tops analyst expectations due to strong travel demand and higher ticket sales, partially offset by higher fuel costs. This contributed to increased actual year-over-year profits"

Which of the following would NOT be addressed in this news article about the company's recent performance?

a.

Management's review of actual expenses as compared to detailed internal budgets (variances).

b.

Net income to be reported in the unaudited 1st Quarter Form 10-Q is higher than analyst projections.

c.

Increased prices for airline tickets and high consumer demand were significant contributors to revenue growth.

d.

Managements ability to control expenses was challenged due to increasing fuel costs.

e.

Earnings for the 3rd quarter, 2018 were higher compared to 3rd quarter, 2017 results.

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