Analyze the income versus cash flow, Financial Accounting

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Analyze the income versus cash flow

Response to the following questions:

1. Give three examples of unusual or infrequent items that are disclosed separately. Why are they shown separately? Are they presented before or after tax? Why or why not?

2. Why is the equity in earnings of nonconsolidated subsidiaries sometimes a problem in profitability analysis? Discuss with respect to income versus cash flow.

Support your answers using a minimum of two professional or academic sources.

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Financial Accounting: Analyze the income versus cash flow

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