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1. As you reflect on the question - What is earnings quality? Explain why there is neither a set definition nor a particular set of
1. As you reflect on the question - What is earnings quality? Explain why there is neither a set definition nor a particular set of criteria to determine this.
2. Does the mere compliance with Generally Accepted Accounting Principles or other standards ensure earnings quality? Explain and give examples to support your answer.
3. In further understanding the concept of Earnings quality, explain and expand on the following statement The difference between earnings and cash are the accruals.
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