A company included $500 million in Net Gains from divestiture of certain operations on its...
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Accounting
A company included $500 million in Net Gains from divestiture of certain operations on its income statement. Assuming a tax rate of 25%, how will the exclusion of this item from the core earnings calculation affect the pro-forma core earnings the for fiscal year (i.e., core earnings will increase or decrease, and by how much)?
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