Use the exhibits below to indicate whether you think the earnings would be considered high or low.

A. Consistent and conservative accounting policies:

B. Net income (earnings) from recurring activities:

C. Sales resulting in timely cash inflows:

D. Appropriate debt and capital structure levels:

E. Stable and predictable earnings:

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FIFO and straight-line depreciation LIFO and accelerated depreciation High-Quality Earnings Low-Quality Earnings