Using Two or Three Sentences, Answer the Following Questions as Concisely

question 7

Essay

Using two or three sentences, answer the following questions as concisely as possible.
-What is hepatitis?

---

Definitions:

Transitory Components

Elements affecting financial statements or economic conditions that are expected to be temporary and not indicative of ongoing future performance.

Value-Irrelevant

Financial information or factors that do not impact an investor's or decision maker's assessment of a company's value.

Reported Earnings

The net income that a company reports to its investors and shareholders, often found on its income statement.

Abnormal Earnings

Profits that exceed or fall short of the expected normal return for a given year or period.