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Which of the following statement is not true? A. Earnings can be viewed as being composed of a cash component and an accruals component. B.

Which of the following statement is not true?

A. Earnings can be viewed as being composed of a cash component and an accruals component.

B. Earnings with a larger component of accrual would be more persistent and thus of high quality.

C. Earnings with a larger component of cash flow would be more persistent.

D. All of the above.

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