Fill in the blanks
USING THE TERMSLISTED BELOW, (10 TERMS LISTED) CHOOSE THE BEST ANSWERS TO FILL INTHE BLANKS.
Paragraph #1: Mark, aninvestor, examines the financial statements of Disney. Hecalculates gross profit of services and does a year-to-yearvariance comparison of service revenues and costs of services.
Paragraph #2: Markthen compares the net income taking into account the non-cashactivity of Disney (adding it back) as well as the other expensesthat he feels do not represent management discretion.
Paragraph #3: Throughthis calculation, Mark is able to compare the income figure thatincludes expenses that can be managed versus those that aresomewhat "fixed" or contractual (not adding back any non-cashactivity).
Paragraph #1 is anexample of using _ __ information to analyze the financial resultsof Disney.
Paragraph #2 is anexample of using _ __ to analyze the financial results ofDisney.
Paragraph #3 is anexample of using _ _ to analyze the financial results ofDisney.
matching at the linehistorical cost
accruals below the line GAAP
EBIT above the line consistency
EBITDA gross margin conservatism
