Golden Companys net income might be exactly the same as Silver Companys net income. Golden Companys revenues

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Golden Company’s net income might be exactly the same as Silver Company’s net income. Golden Company’s revenues and expenses might all come from regular and recurring business activities. Silver Company’s revenues might come partially from a one-time event not expected to happen again in the future. An analyst would likely say that Golden Company’s earnings are a [higher / lower] quality than Silver Company’s earnings.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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