Question: 1) Discuss GAAP vs. non-GAAP numbers and their impact on financial statements. In particular, how the balance sheet, income statement, and statement of cash flows

1) Discuss GAAP vs. non-GAAP numbers and their impact on financial statements. In particular, how the balance sheet, income statement, and statement of cash flows may differ under these two alternative accounting methods?

2) Which method best reflected the economic reality and why?

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