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Discuss the some changes may be in order

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Reference no: EM131788443

Problem

The statement of cash flows is a very important statement. In fact, the FASB at one point discussed some changes may be in order. Historically, earnings have been the main measurement of profitability of a firm. Today, some folks believe that the cash flow statement may be a more appropriate predictor.

Do you agree or disagree? Support your position with examples and reasoning.

Reference no: EM131788443

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