M5-O1-Capital M 2009: Which of the following statements is not true in measuring earnings? For the income measurement, t

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M5-O1-Capital M 2009: Which of the following statements is nottrue in measuring earnings?
For the income measurement, there are two approaches suchas transaction approach and capital maintenance concept
Capital maintenance approach is more related to measurementproblem, while transaction approach is more related to revenuerecognition issues.
The current GAAP is based on the transaction approach framework,but is moving toward capital maintenance concept approach.
the transaction approach is more focused on the accounts onbalance sheet.
M8-O1-earnings quality 2009:Which one is not a main question when you evaluateearnings' quality?
Source of revenue and persistent of revenues
Gross profit ratio
relationship between earnings and the market price of the commonstock
Debt to equity ratio and total amounts of liabilities.