Unit 4 Seminar: Option 2: Alternative Assignment If you are unable to attend the Seminar, you must complete the following alternative assignment to earn points for this part of the class. View this weeks archived Seminar and write a 1 page paper, double spaced that summarizes the Seminar and what you learned. Once completed, submit your alternative assignment to the Seminar Dropbox. Chapter 4: Income Statement and Related Information This chapter will discuss how the income statement summarizes the results of a company's operations for the period. It often is considered the most important financial statement for several reasons. First, the income statement enables absentee owners (stockholders) to evaluate the stewardship of management over invested capital. Second, past income may be used to predict future earnings and net cash flows which, in turn, are useful in predicting future stock prices and current and future dividend payments. Finally, income information can also be used to predict the company's ability to generate cash from operations to meet interest payments and operating obligations