- CFA Exams
- CFA Level I Exam
- Topic 3. Financial Statement Analysis
- Learning Module 14. Evaluating Quality of Financial Reports
- Subject 3. Indicators of Earnings Quality
CFA Practice Question
When earnings are largely comprised of accruals as opposed to cash flows, earnings will:
B. revert back to the normal level slower.
C. fluctuate more than usual.
A. revert back to the normal level quicker.
B. revert back to the normal level slower.
C. fluctuate more than usual.
Correct Answer: A
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