please provide an essay answers for each question!

1. What are the basic steps in business valuation using free cash flows and abnormal earnings? 2. Why current earnings are considered more useful than current cash flows for assessing future cash flows? 3. What is the expanding use of fair value measurements in financial statements? 4. What factors contribute to variation in price-earnings multiples? 5. Explain the notion of earnings quality and what factors influence the quality of earnings? 6. How do stock returns relate to "good news" and "bad news" about earnings surprises? 7. What is the importance of credit risk assessment in lending decisions, and how are credit ratings determined? 8. How to forecast a company's financial statement