1- Non-GAAP metrics are allowed provided
Multiple select question.
A - they are given greater prominence than GAAP disclosures.
B - any non-GAAP metric is accompanied by a reconciliation to the closest comparable GAAP metric.
C - they are not given greater prominence than GAAP disclosures.
D - they are not misleading.
E- they exclude normal, recurring cash expenses from the definition of income.
2 - A company's external auditors are charged with
Multiple choice question.
A- overseeing the preparation of the financial statements and ensuring they fairly depict the company's financial condition and results of operation.
B - ensuring compliance with SEC accounting and disclosure requirements.
C - auditing the financial statements to ensure they are fairly presented in all material respects in accordance with GAAP.
D - evaluating internal controls.
Select all that apply
3 - Common non-GAAP metrics include
Multiple select question.
A - EBITDA.
B - Earnings before restructuring charges.
C -Gross profit.
D - Depreciation expense.