Question

Minex Corporation owns a number of mine sites, and is involved in exploration, extraction, and refining. Output is sold under long- term contracts, where prices are set, but extraction and exploration decisions are influenced by commodity prices. The operating activities section of the SCF for the past two years:



Required:
1. Does the above analysis suggest high quality of earnings? Explain.
2. Suggest two accounting policies that would contribute to lower quality of earnings, based on the adjustmentsabove.


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  • CreatedFebruary 17, 2015
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