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When Motorola sold its automotive electronics business, it booked a gain on the sale of $399 million. Including the gain, the company reported net income for the year of $3.6 billion.

Comment on whether an analyst should include the gain in the assessment of management's past performance.

Also comment on whether an analyst should consider the gain in the assessment of the company's future performance.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91947877

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