Which of the following is a non-recurring charge that should be added back to EBIT or EBITDA during analysis?

Restructuring charges are considered a non-recurring charge and should be added back to EBIT or EBITDA during financial analysis. This is because restructuring charges typically represent significant costs associated with reorganizing a company's operations, which are not expected to occur regularly. These costs might include severance pay, costs of closing facilities, or expenses related to reconfiguring operations to improve efficiency. Since they do not reflect the ongoing operating performance of the business, adding them back provides a clearer picture of the company's core profitability and cash flows.

On the other hand, recurring operational expenses and daily operational costs are fundamental, routine expenditures necessary for the day-to-day functioning of the business, and therefore should not be added back as they are expected to continue in the future. Long-term investments, while significant for future growth, are also not operational charges that would be added back to EBITDA, as they represent capital expenditures rather than operational results.