Your pal comments i just ignore the income statement when

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Your pal comments, "I just ignore the income statement when I'm making an investment decision. All I careabout is the cash, so that the company can pay me dividends. Thebalance sheet tells me about the cash the company's got; thecash flow statement tells me about its changes in cash. Who caresabout the income statement? It's just a bunch of inaccuratestuff loaded with estimates." D you agree with yourpal's remarks about the income statement and its lack ofimportance? Explain why or why not.

Reference no: EM13481919

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