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1) Discuss ethical issues facing the top leadership or financial managers in today’s corporate environment regarding their approach to the financial matters of the firm. What pressures exist that might encourage unethical behavior, particularly as it pertains to the firm’s financial reporting or situation? How might these be mitigated?
2) Compare and contrast the balance sheet, income statement, and cash flow statement. (Note that to compare and contrast these three tools, you will need to define each of them). Discuss the following:
What is the most important segment of a cash flow statement? Why? Can the cash flow statement be manipulated? If so, how? If not, why not? Are most investors sophisticated enough to interpret a cash flow statement? Should they be?
What is the most important segment of a cash flow statement? Why?
Can the cash flow statement be manipulated? If so, how? If not, why not?
Are most investors sophisticated enough to interpret a cash flow statement? Should they be?

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