Describe the content and purpose of at least four financial reports that must be filed with the SEC.

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1- Describe the content and purpose of at least four financial reports that must be filed with the SEC.

 2- What is conservatism? What are its advantages?

 3- Describe at least four major limitations of financial statement information.

 4- Explain what is meant by the term ‘earnings management’ and what incentives managers have to engage in earnings management.

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