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Q2. Define and briefly discuss the following terms with examples: a. Conservatism Principle b. Understandability c. Extraordinary items d. Discontinued operations e. Relevance (5 Marks)

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Q2. Define and briefly discuss the following terms with examples: a. Conservatism Principle b. Understandability c. Extraordinary items d. Discontinued operations e. Relevance (5 Marks) Q3. Explain why cash flows are classified into three categories, Discuss the usefulness of each category. (2 Marks)

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