Answer Happy

Match the following: 1 Quality of earnings 2 Other revenues and expenses Match each of the options above to the items below. 3 The sale or disposal of most long-term assets. Aggressive accounting practices 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. Conservative accounting practices 5 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. Discontinued operation