Analysts Try to Remove Holding Gains from Reported FIFO Income

question 137

Multiple Choice

Analysts try to remove holding gains from reported FIFO income because

• A)the FEI's code of professional ethics requires that they do so if possible.
• B)holding gains understate management's true performance.
• C)they are potentially unsustainable.
• D)None of these is appropriate reasons for removing holding gains from reported FIFO income.

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Definitions:

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Heart Function

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Normal Activity

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