NO.PZ2023123001000008
问题如下：
Which of the following statements best describes the meaning of “normalizing earnings” in the context of private business valuation?
选项：
A.
Adjustments to revenues and/or costs necessary to allow comparison of private company financial results to comparable public companies
B.
Adjustments to offset the cyclicality of revenues and/or costs for private companies
C.
Adjustments
that allow comparisons due to the
lack of marketability for
private companies
解释：
Private companies, especially when a controlling owner also serves as a senior manager, may engage in economic transactions such as non-market-based market compensation that distorts earnings versus comparable public companies. Cyclicality is a factor that may need to be adjusted in public companies as well, while lack of marketability should not affect earnings
考察的知识点是哪个？
