Question: 1. Explain how earnings are consistent with the current operating performance concept of income. 2. How is balance sheet useful to investors? 3. Outline the

1. Explain how earnings are consistent with the current operating performance

1. Explain how earnings are consistent with the current operating performance concept of income. 2. How is balance sheet useful to investors? 3. Outline the goals to be accomplished by the presentation of cash flow information to investors

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