Problem
1. What is the "quality of income" concept, and how does cash flow reporting relate to it?
2. Why is cash flow reporting advocated as an alternative to accounting income by such critics of accounting allocations as Thomas (1969)?
3. What attribute is being measured in the SCF, and how well is representational faithfulness achieved? Compare this to when funds are defined as working capital.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.