141. Define earnings persistence. How does earnings persistence relate to the reporting of discontinued operations and extraordinary items? 142. Explain the difference between conservative and...

141. Define earnings persistence. How does earnings persistence relate to the reporting of discontinued operations and extraordinary items?

142. Explain the difference between conservative and aggressive accounting practices. Provide an example of a conservative accounting practice and explain why this practice is conservative. Provide an example of an aggressive accounting practice and explain why this practice is aggressive.