In its year-end earnings announcement press release ransome


Question: In its year-end earnings announcement press release, Ransome Corp. announced that its earnings increased by $15 million relative to the previous year. This represented a 20% increase. Inspection of its income statement reveals that the company reported a $20 million gain under "Other revenues and gains" from the sale of one of its factories. Discuss the implications of this gain from the perspective of a potential investor.

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Accounting Basics: In its year-end earnings announcement press release ransome
Reference No:- TGS02619641

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