Why is the statement of cash flows a useful


1. Explain the difference between unsystematic and systematic risk, and give some examples of each type. Why can educated investors comfortably ignore unsystematic risks when constructing a portfolio?

2. Is Earnings Management good or bad for investors? Please explain with references where necessary.

3. Why is the statement of cash flows a useful document?

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Financial Management: Why is the statement of cash flows a useful
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