2) When it comes to restatements, why is it important to restate the income statement into the multi step format?

3) Assume you are an investor in various equity securities (stocks) and you have full access to the financial statements that the companies you are invested in submit through the SEC through the Edgar database. As a stock investor, why is it important for you to review the financial statements? Or put another way, why is it important for you as a stock investor to review the companys financial statements? (Keep your answer short_ 4 sentences of less)