provide more explanations for the following questions.

1. Is a year's net income the money the company made that year, or is it a statistic with dubious significance?

2. Is depreciation the deterioration of fixed assets' value?

3. While the so-called "cash flow" (net income plus depreciation) is a cash flow, is it one to the shareholders or one to the company?

4. A dividend is a portion of a company's net profits that is distributed to shareholders. Because the dividend is denominated in dollars, the net income is also denominated in dollars. Is that correct?

5. Reserves are made up of the net income that is not given to shareholders. Dividends are actual money, and reserves are real money as well. Is that correct?

6. Does a company's shareholders' equity reflect the savings it has accumulated over time?

7. Is book value the best indicator of a stock's value?

8. Is a valuation performed by a reputable investment bank a scientifically validated result that any investor can accept as a guide?

9. Is it feasible for a corporation with a positive net income but no dividends to find itself in a payment suspension situation? 2 - University of Navarra's IESE Business School

10. A company's cash can be used in four ways: a) to buy other companies or assets; b) to reduce its debt; c) to distribute it to shareholders; and d) to increase its cash holdings. What else is there for it to do that is reasonable?