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Why would estimated values based on discounted abnormal earnings not be affected by the choice of accounting methods and accrual estimates? Group of answer choices
Why would estimated values based on discounted abnormal earnings not be affected by the choice of accounting methods and accrual estimates?
Group of answer choices
Because all distortions of accounting will ultimately reverse in the future.
Because the nature of double-entry bookkeeping is not self-correcting.
Because cash flows can be a good proxy for abnormal earnings in the presence of distortion.
All of these choices.
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