Solved: Emphasis placed on the statement of cash flows, Accounting Basics

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Emphasis placed on the statement of cash flows

Problem:

Many analysts place more importance on the income statement than they do on the statement of cash flows. Do you think the problems at companies such as Enron would have been uncovered earlier if more emphasis was placed on the statement of cash flows? Why or why not?

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Accounting Basics: Emphasis placed on the statement of cash flows

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