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Basic Question 14 of 22
Based on GAAP, which item should be excluded from the calculation of EBITDA?
B. Equity-based compensation
C. Goodwill amortization
A. Restructuring costs
B. Equity-based compensation
C. Goodwill amortization
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Learning Outcome Statements
describe presentation choices, including non-GAAP measures, that could be used to influence an analyst's opinion
describe accounting methods (choices and estimates) that could be used to manage earnings, cash flow, and balance sheet items
describe accounting warning signs and methods for detecting manipulation of information in financial reports
CFA® 2024 Level I Curriculum, Volume 3, Module 10.