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The same thing applies to the entry “Other.” This is where non-operating, unusual, and infrequent income and expense events are netted out and entered onto the income statement. Such events would include the sale of fixed assets, such as property, plant, and equipment. Also included under “Other” would be licensing agreements and the sale of patents, if they were categorized as outside the normal course of business. Sometimes
Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage
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