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Margot reviews the financial statements of a potential investment target. She notices that in the company's multiple-step income statement a separately listed gain is reported
Margot reviews the financial statements of a potential investment target. She notices that in the company's multiple-step income statement a separately listed gain is reported as part of "income from continuing operations." Based on this information, Margot should: Multiple Choice assume that the gain will never recur. not assume that the gain will recur regularly. make no assumption regarding the validity of the information. assume that the gain will recur regularly.
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