Is reported profit supported by cash and likely to repeat?
| Concept | Explanation | |---|---| | Recurring earnings | Profit likely to repeat under normal operations. | | One-time gain | Temporary benefit from a sale, settlement, or accounting event. | | Accrual quality | Degree to which reported profit is supported by cash. | | Stock-based compensation | Real economic dilution even though it is non-cash in the current period. | | Tax-rate effect | Earnings change caused by taxes rather than operations. | | Share-count effect | EPS changes because the denominator rises or falls. |