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Your pal comments i just ignore the incomestatement when im

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

Reference no: EM13615600

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