Topic 1: Contingencies When examining financial stateme

Topic 1: Contingencies
When examining financial statements a note that describes contingencies should be reviewed closely for possible significant liabilities that are not disclosed on the face of the balance sheet. Do you agree or disagree? Why?
Topic 2: Operating Income
How does operating income differ from net income? How do operating assets differ from total assets? What is the advantage in removing non-operating items from the DuPont analysis?
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