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9)- Other income and expense

These are all items that the company wants to show as not part of normal continuing operations. The extraordinary items and results from discontinued operations were discussed above. One can find here gains and losses from subsidiaries and on foreign currency transactions. As previously argued these items must be the responsibility of management, and future earnings should be sufficient to cover them or the company must take precautionary measure

See review question Q-13C9.1.

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