• Question: Of the companies described below, which would be said to have the highest quality of earnings for the past several years?\\nSelect answer from the options below\\nThree years ago, Green Corporation recorded large spikes in quarterly revenues in relation to multi-year contract sales. The following year, Green was forced to revise these numbers because

  Of the companies described below, which would be said to have the highest quality of earnings for the past several years?\\nSelect answer from the options below\\nThree years ago, Green Corporation recorded large spikes in quarterly revenues in relation to multi-year contract sales. The following year, Green was forced to revise these numbers because regulators determined the company was not properly spreading revenue from these sales throughout the applicable contract periods.\\nTwo years ago, Orange Corporation recorded a non-recurring gain of $12 million related to the sale of a subsidiary. Since that time, the company’s financial statements have shown small but steady yearly earnings growth.\\nThree years ago, Brown Corporation recorded a one-time gain of $25 million from the sale of stock that it held as an investment. In the year immediately before the stock sale, the company’s financial statements showed a $6 million drop in earnings, and in the three years since the stock sale, its financial statements have varied widely from year to year.\\nTwo years ago, Blue Corporation recorded a large increase in fourth-quarter revenues due to an aggressive end-of-the-year sales effort. In the first quarter of the following year, the company saw a $20 million drop in income due to an exceptionally high amount of merchandise returns.

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Answer Of the companies described Orange Corporation would be said to have t... View the full answer