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Best Buy Income Tax Expense vs Net Loss Income from Discontinued Operations Analysis

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BBY -- USA Stock  

Earnings Report: May 28, 2020  

Best Buy financial indicator trend analysis is way more than just evaluating Best Buy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Best Buy is a good investment. Please check the relationship between Best Buy Income Tax Expense and its Net Loss Income from Discontinued Operations accounts. Continue to Trending Equities.

Income Tax Expense vs Net Loss Income from Discontinued Operations

Accounts Relationship

Income Tax Expense vs Net Loss Income from Discontinued Operations

Significance: Almost No Relationship

Income Tax Expense diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Best Buy Income Tax Expense account and Net Loss Income from Discontinued Operations

Correlation Coefficient

0.17
Relationship DirectionPositive 
Relationship StrengthInsignificant

Income Tax Expense

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Net Loss Income from Discontinued Operations

Amount of loss (income) from a disposal group; net of income tax; reported as a separate component of income.