The objective of basic EPS is to measure the company performance over the reporting period from the perspective of C/S holders. 7 point False True The advantage of relating a company's bad debt experience to its accounts 1 point receivable is that this approach Gives a reasonable correct statement of receivables in the balance sheet. True O False 1 point The primary purpose of a statement of cash flows is to report the cash effects of operations during a period. * False True 3