Explain how the follow events would affect the usefulness of current earnings as a basis for predicting
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Explain how the follow events would affect the usefulness of current earnings as a basis for predicting future earnings:
a. An entity has a two-month strike during the year.
b. An entity writes off a significant amount of capital assets.
c. An entity receives a large payment from a competitor as part of the settlement of a lawsuit. The entity sued the competitor for infringement of a patent.
d. An entity records a gain on the disposal of one of its vehicles.
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