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Unformatted text preview: that users of financial accounting information have a reasonable understanding of business and economic activities and are willing to study the information with reasonable commitment. 3. Paragraph 43 indicates that those interested in future cash flows should lead to an interest in obtaining information regarding a company’s earnings with an insight of periods over a year. Therefore, persons interested in future cash flows should look to a company’s income statement....
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This note was uploaded on 04/12/2011 for the course ACCT 2310 taught by Professor Santoshattar during the Fall '08 term at Cuyahoga CC.
- Fall '08