Firms often provide supplemental disclosures that report and discuss income figures that do not necessarily equal bottom-line net income from the income statement. For example, in X ‘s (formerly Twitter) initial public offering filings with the SEC, the company reported a net loss of $79.4 million, but prominently disclosed “adjusted EBITDA” of (positive) $21.2 million. Discuss the merits and shortcomings of this managerial practice.
Your discussion should be limited to about a page. After posting your discussion, you must respond to at least two classmate’s posting. Your response to a classmate’s posting should be limited to half a page. It is not enough to just say “I agree with Mary ” or “I disagree with John”. You must state the reason(s) for your agreement or disagreement.
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