Interim reporting: The following headline appeared recently: "Delta's 3rd Quarter earnings tops analyst expectations due...
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Accounting
Interim reporting: The following headline appeared recently:
"Delta's 3rd Quarter earnings tops analyst expectations due to strong travel demand and higher ticket sales, partially offset by higher fuel costs. This contributed to increased actual year-over-year profits"
Which of the following would NOT be addressed in this news article about the company's recent performance?
| a. | Management's review of actual expenses as compared to detailed internal budgets (variances). | |
| b. | Net income to be reported in the unaudited 1st Quarter Form 10-Q is higher than analyst projections. | |
| c. | Increased prices for airline tickets and high consumer demand were significant contributors to revenue growth. | |
| d. | Managements ability to control expenses was challenged due to increasing fuel costs. | |
| e. | Earnings for the 3rd quarter, 2018 were higher compared to 3rd quarter, 2017 results. |
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