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SFAS No. 1 states that financial reporting must enable its users to do all of the following except Evaluate liquidity, solvency, and flow of funds.

SFAS No. 1 states that financial reporting must enable its users to do all of the following except

Evaluate liquidity, solvency, and flow of funds.

Predict the economy in which the company operates

Report enterprise performance and earnings

Make investment and credit decisions

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