Due to the length of this case, we have not repeated the background material. Please see the

Question:

Due to the length of this case, we have not repeated the background material. Please see the text for details. For N-M Company:
a. Do a conventional SCF in accord with SFAS No. 95. (Use the indirect method.)
b. Do a second SCF in accordance with the modifications suggested in the section of the chapter entitled “Classification Problems of SFAS No. 95.”
c. Discuss the underlying reason for the two approaches.