On the basis of the empirical evidence presented in this chapter and in Chapter 3 (i. e., MD& A, Section 3.6), do you feel the Conceptual Framework (Section 3.7.1) is correct in its claim that the financial statements, which show the effects of current and past firm performance, help investors to assess the amount, timing, and uncertainty of its future cash flows? Explain. In your answer, consider amount, timing, and uncertainty separately.