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Unformatted text preview: resources and claims to those resources. b) The sophistication of potential users of financial information are as follows: most directly concerned with a particular business enterprise are generally interested in its ability to generate favorable cash flows because their decisions relate to amounts, timing, and uncertainties of expected cash flows. To investors, lender, suppliers, and employees, a business enterprise is a source of cash in form of dividends or interest and perhaps appreciated market prices, repayment of borrowing, payment for goods or services, or salaries or wages. CA 1-12 Staff Positions (d) Interpretations (of the Financial Accounting Standards Board) (f) Statement of Financial Accounting Standards (c) EITF Statements (e) Opinions (a) Statement of Financial Accounting Concepts (b)...
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This note was uploaded on 11/03/2009 for the course ACCT 130 taught by Professor Huxhold during the Spring '09 term at UCSD.
- Spring '09