Question: In Statement No. 95, the FASB explicitly prohibited the reporting of cash flow per share in the financial statements. Cash flow per share is an

In Statement No. 95, the FASB explicitly prohibited the reporting of “cash flow per share” in the financial statements. Cash flow per share is an amount often reported by firms outside the financial statements and is often included in financial analyses prepared by investment advisory services. Why do you think the FASB explicitly prohibited the inclusion of cash flow per share in the financial statements?

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Reasons for the prohibition against the reporting of cash flow per share might include the following ... View full answer

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