to divest of this business, Walmart will record a non-cash loss of approximately $1 billion, after tax, in the third quarter of fiscal 2021 What impact will this have on the fiscal 2021 earnings quality?    Question 29 options:   a)  Weakens due to substance issues   b)  Strenthens due to substance issues   c)  Strengthens due to sustainabilit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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 Walmart Inc.  recently announced an agreement to sell their retail operations in Argentina. Due to this decision to divest of this business, Walmart will record a non-cash loss of approximately $1 billion, after tax, in the third quarter of fiscal 2021

What impact will this have on the fiscal 2021 earnings quality? 

 

Question 29 options:

 

a) 

Weakens due to substance issues

 

b) 

Strenthens due to substance issues

 

c) 

Strengthens due to sustainability issues

 

d) 

Weakens due to sustainability issues

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