Answered: If a company uses a non-GAAP fi nancial…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter3: Accrual Accounting

Section: Chapter Questions

Problem 1MCQ: Which of the following statements is true? Under cash-basis accounting, revenues are recorded when a...

See similar textbooks

Related questions

Question

If a company uses a non-GAAP fi nancial measure in an SEC fi ling, then the company
must:
A . give more prominence to the non-GAAP measure if it is used in earnings releases.
B . provide a reconciliation of the non-GAAP measure and equivalent GAAP measure.
C . exclude charges requiring cash settlement from any non-GAAP liquidity measures.

Expert Solution

Step 1

Solution:-

If a company uses a non-GAAP financial measure in an SEC filing, then the company must provide a reconciliation of the non-GAAP measure and equivalent GAAP measure.

Step by step

Solved in 2 steps

Knowledge Booster

Accounting for Current liabilities, Provisions and Contingencies

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions