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1. What are the five steps to valuation? 2. What is the meaning of the term reformulation of financial statements? What is the goal of

1. What are the five steps to valuation?

2. What is the meaning of the term reformulation of financial statements? What is the goal of reformulation?

3. What is the most important measure of firm performance reported to outsiders? What is the most commonly used measure for valuation?

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