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Evaluates past performance. Predicts future performance. Assesses risks or uncertainties of achleving future cash flows. Excludes certain items. Depends on accounting methods selected. Can be

Evaluates past performance.

Predicts future performance.

Assesses risks or uncertainties of achleving future cash flows.

Excludes certain items.

Depends on accounting methods selected.

Can be manipulated and managed.

Requires extensive judgment.

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