Beth Harlan is the CEO of Lafferty’s Electronics. Harlan is


Question Description:

33

Beth Harlan is the CEO of Lafferty’s Electronics. Harlan is an expert engineer but a novice in accounting. She asks you to explain (1) The bases for comparison in analyzing Lafferty’s financial statements, and (2) The factors affecting quality of earnings. Instructions Write a letter to Beth Harlan that explains the bases for comparison and factors affecting quality of earnings.

Answer

33