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Assume Companies 1, 2, 3, and 4 performed equally well in Year 02X. The only differences between the companies are shown in the following table.

Assume Companies 1, 2, 3, and 4 performed equally well in Year 02X. The only differences between the companies are shown in the following table. Which company most likely has the highest quality earnings? Company 1 2 3 4 Depreciable Life of Plant & Equipment 20 20 25 25 Inventory Valuation Method LIFO FIFO LIFO FIFO

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