Problem
1. What are the possible benefits of a disclosure process that is integrated with major policies in marketing, production, and finance? Do you think only "good news" items should be disclosed?
2. Why do you think that disclosures of smaller firms appear to have more information content than disclosures for larger firms?
3. What is meant by the term "degrees of representational faithfulness?
4. Why would a core versus noncore approach to the cash flow statement advocated by the AICPA special committee conflict with the current orientation to the cash flow statement?
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.