In Assessing the Quality of a Firm's Reported Earnings, One

In assessing the quality of a firm's reported earnings, one should not

A) compare accounting principles employed by the firm to those used by competitors.
B) exclude qualitative information reported by the media about a particular company's operations.
C) read the footnotes to the financial statements.
D) review extraordinary losses included in the income statement.
E) attempt to determine whether there are any significant expenses not reflected in the income statement.M/C Answers