estion 12 1 points Save Answer For this year, JJ company has 20,000 net earnings on income statement and 7,000 net cash inflow from operating activities, 15,000 net cash outflow from investing activnies, and 20,000 cash intow from financing activies on the statement of cash flows. what is the accruals total reported for this perioo? O 5000 7000 13000 Question 13 points in stock markets. investors and financial analysts prefer to use pro forma earnings. There are several reasons that they are using this figure instead of GAAP eamings. Please discuss the following questions 1. What is pro foma eamings? Is there any policies regulated by the SEC for pro foma earnings? (2 points) 2. wnat are the advantages and disadvantages of pro forma eamings compared with GAAP eamings in valuing firms in the markets7 (3 points) For the colbar, press ALT+F10 (PC)or ALT+FN+F10 (Mac) Question 15 1 points in the Apple Tree article, we discussed for a couple of ways to value business: eamings capitalization vs. discounted cash flows. Which one correctly shows the sequence of earnings capitalization process? forecast of is forecast of annual eamings for business ife-determination of the cost of equityCalclation of present value of future eamings determination of cost of equity-) forecast of annual earnings for business life- recast ofvS -> Calculation of present value of future earnings Calculation of present value of future eanings determination of cost of equity-> forecast of annual earnings for business life >forecast or iS determinasion of cost or equity O torecast of annual eamings or business ire Calculation of present value or future eamings> torecast or is Question 1 cc1-2 02-objectives The basic purpose of financial reporting is to: o a. Directly measure the value of a firm using historical costs of resources O b.Show a firm's future stock price O c. Provide information about a firm's resources in terms of market value d. Provide intomation for tirm value, past performance, and risk factors