State and briefly explain why you agree or disagree with each of the following the independent statements/approaches to your colleague Vice President at Stock Packers inc. Veel free to support your arguments using firms discussed during lectures a) "We should yet rid of the FASB and SEC (e, the regulators) unce free market forces will make sure that companies report reliable information." b) "The standards that I like most are the ones that diminate all management discretion in reporting that way I get uniform numbers across all companies and do not have to worry about doing accounting analysis. chat is not worth my time to develop detailed forecasts of sales growth, profit margins, et cetera, to make earnings projections. I can be almost as accurate, at virtually no cost, using the existing firm's earnings as a forecast of company's future earnings." d) "The critical number I look at for any company is operating cash flow. If cash flows are less than earnings, I consider a company to be a poor performer and a poor investment prospect." e) "Terminal values in accounting based valuation (ie, residual income model) are significantly lower than those for discounted cash flow valuation e., dividend or free cash flow models)" State and briefly explain why you agree or disagree with each of the following the independent statements/approaches to your colleague Vice President at Stock Packers inc. Veel free to support your arguments using firms discussed during lectures a) "We should yet rid of the FASB and SEC (e, the regulators) unce free market forces will make sure that companies report reliable information." b) "The standards that I like most are the ones that diminate all management discretion in reporting that way I get uniform numbers across all companies and do not have to worry about doing accounting analysis. chat is not worth my time to develop detailed forecasts of sales growth, profit margins, et cetera, to make earnings projections. I can be almost as accurate, at virtually no cost, using the existing firm's earnings as a forecast of company's future earnings." d) "The critical number I look at for any company is operating cash flow. If cash flows are less than earnings, I consider a company to be a poor performer and a poor investment prospect." e) "Terminal values in accounting based valuation (ie, residual income model) are significantly lower than those for discounted cash flow valuation e., dividend or free cash flow models)