The SCF was issued in direct response to FASB Concept Statement I, which stated that the primary
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Question:
The SCF was issued in direct response to FASB Concept Statement I, which stated that the primary objective of financial reporting is to "provide information to help investors and creditors, and other assess the amounts, timing, and uncertainty of prospective net cash inflows to the related enterprise." Do you agree with this statement? If so, in your opinion, which category is the most important and why?
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