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1. Variables such as economic growth, employment levels, interest rates, and price changes affect an entitys ability to earn income and generate cash flows and
1. Variables such as economic growth, employment levels, interest rates, and price changes affect an entitys ability to earn income and generate cash flows and a. Should be considered when analyzing financial statements. b. Should not be considered when analyzing financial statements. c. Determine an entitys life cycle stage. d. Do not determine an entitys life cycle stage
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