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Q 1. Explain why earnings are not good measures of value relevance. Q 2. In what ways are the finance definition of 'relevance' and the

Q 1. Explain why earnings are not good measures of value relevance.

Q 2. In what ways are the finance definition of 'relevance' and the Conceptual Framework definition provided in chapter titled 'The Conceptual Framework for Financial Reporting' similar?

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