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Question - Comment on the earnings persistence

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Question - Comment on the earnings persistence and the accrual component in earnings of Aramco vis-à-vis Sinopec in 2019.

And between Aramco and Sinopec, which company has greater debt-based incentives to manage reporting earnings? Why?

And Identify and list the foreign currency transactions and financial instruments of Aramco and Sinopec in 2019.

And Do you think Saudi Aramco or Sinopec is exposed to high political costs? Why or why not?

Reference no: EM132639682

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