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It is argued that Users of financial reports need the information to help them assess management's stewardship. The Conceptual Framework explicitly discusses this need as
It is argued that Users of financial reports need the information to help them assess management's stewardship. The Conceptual Framework explicitly discusses this need as well as the need for information that helps users assess the prospects for future net cash inflows to the entity. Do you agree with this statement? Explain in brief, Why?
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