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1. Which do you feel is more important, net income or net cash flow? Why? 2. What might a Cash Flow Statement tell you that

1. Which do you feel is more important, net income or net cash flow? Why?

2. What might a Cash Flow Statement tell you that an Income Statement would not?

3. The Cash Flow Statement has only been required in the United States since 1988. Why do you think it has risen in importance since then?

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