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A company reporting under US GAAP seeking to present a more favorable view of operating income...

A company reporting under US GAAP seeking to present a more favorable view of operating income in its quarterly earnings release could:

  • Identify a gain on sale in a non-GAAP reconciliation.
  • Identify a restructuring charge (expense) in a non-GAAP reconciliation.
  • Identify a loss in the fair value of an equity investment.
  • Elect to not recognize stock-based compensation on its GAAP income statement.
  • All of the above.
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Answer #1

Answer is all of the above
It is because sometimes there are instances in which GAAP reporting fails to accurately portray the operations of a business. Companies are allowed to display their own accounting figures, as long as they are disclosed as non-GAAP and provide a reconciliation between the adjusted and regular results..

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