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BYP17-4 Many investors today prefer the cash flow statement over the income statement. better measure of performance than accrual-based data because the estimates and judgem
BYP17-4 Many investors today prefer the cash flow statement over the income statement. better measure of performance than accrual-based data because the estimates and judgem accounting allow management too much discretion to manipulate the results. Instructions Write a brief memo explaining whether or not it is harder for management to manipulate i accrual-based data. In your answer, say which financial statement, in your opinion, is the l performance, and explain why
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