Why are one off figures or non-recurring items excluded when building a valuation model? Is there ever an argument for leaving them in? Select one: a. They are excluded as they are freak events that are not expected to happen again. You would never want to leave them in b. They are removed as they are not representative of the normal business conditions and are non-recurring. They should possibly be included if they happen frequently enough to be considered normal C. This is done to drive up the valuation making the stock attractive to investors. You would want to leave them in if you were the buyer d. These items are never excluded, if you use enough comparable companies, unusual items would be expected to net each other out e. These items are not normally excluded as they should matter to investors. It is fraudulent to remove them