Dromeda Ltd. has prepared the following comparison (in thousands): 31 December Net earnings Cash flows from operating activities 20X5 20X4 20X3 $210 $670 $(145) 535 560 510 The same information has been collected for Panel Corp.: 31 December Net earnings Cash flows from operating activities 20X5 20X4 20X3 $210 $670 $(145) 190 455 (50) Required: 1. Which of the companies above illustrates higher quality of earnings? Dromeda 2. Select the factors that would make cash flows from operating activities different from net earnings. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Non-cash expenses Gains or losses on sale of assets or debt retirement Non-cash working capital accounts Reclassification from operating activities to other sections Issuance and repayment of bonds Transfers to reserves