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Match the following: Match each of the options above to the items below. 1 Quality of earnings 2 Other revenues and expenses Aggressive Conservative
Match the following: Match each of the options above to the items below. 1 Quality of earnings 2 Other revenues and expenses Aggressive Conservative 5 3 accounting practices 4 accounting Discontinued operation practices The sale or disposal of most long-term assets. Practices that result in reporting higher income, higher assets, and lower liabilities. The sale or disposal of a significant component of a company's operations. Practices that result in reporting lower income, lower assets, and higher liabilities. Refers to the ability of reported earnings to reflect the company's true earnings, as well as the usefulness of reported earnings to predict future earnings.
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