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The letter's last paragraph to shareholders says, The Coca-Cola Company for France operates our Paris bottling plant. This being its first year, an operating loss
The letter's last paragraph to shareholders says, "The Coca-Cola Company for France operates our Paris bottling plant. This being its first year, an operating loss was sustained. However, we are confident it will prove to be a profitable investment." Why might the company include this in the letter to shareholders rather than in the income statement?
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