According to SFAC No 1, financial statements should provide information that is useful for investors' decision-making. Paragraph 37 of SFAC No 1 states that financial reporting should provide information to help users assess the amounts, timing, and uncertainty of prospective cash flows. Paragraph 43 of SFAC No 1 states that the primary focus of financial reporting is providing information about an enterprise's performance based on measures of earnings and earnings components. Choose to either argue that the statement of cash flows is the most important financial statement or argue that the income statement is the most important financial statement