Which of the Following Should Be Attempted in Order to Gauge

question 35

Multiple Choice

Which of the following should be attempted in order to gauge the quality of a company's earnings?

I. Assessing an adequacy of discretionary expenditures
II. Assessing degree of conservatism in reporting assets
III. Assessing degree of conservatism in reporting liabilities
IV. Assessing degree of conservatism in application of accounting principles

• A)I, II, III, and IV
• B)I, II, and IV
• C)II, III, and IV
• D)I, III, and IV