Question 1 of 10 -11 = View Policies Current Attempt in Progress Environmental Corporation specializes in the production and sale of ecofriendly packaging. In 2020, Environmental reported net income (earnings) in excess of analyst expectations. This included a significant gain on disposal of investments in the year and lower depreciation expense due to the company's change from the declining-balance method (used by competitors) to the straight-line method for depreciating its equipment. Answer the following questions based only on the information provided. (a) From the perspective of an investor, does Environmental have high-quality earnings? (b) Will the earnings reported by Environmental be discounted in the capital markets? e Textbook and Media Save for Later Attempts: 0 of 3 used Submit