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Non-GAAP Disclosures General Electric (GE) disclosed the following non-GAAP reconciliation for its Industrial segment from its 2018 Form 10-K. Required a. Explain how the non-GAAP
Non-GAAP Disclosures General Electric (GE) disclosed the following non-GAAP reconciliation for its Industrial segment from its 2018 Form 10-K. Required a. Explain how the non-GAAP items (in total) affected adjusted earnings each year. Are the adjustments significant? b. GE makes five specific adjustments. Are any of the adjustments likely beyond the company's control? c. Calculate the year-over-year change (in \% terms) in reported net income for 2017 and 2018. Calculate the year-over-year change (in \% terms) in the non-GAAP net income. Which trend do we believe more accurately depicts GE's performance over this period
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