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SFAS No. 128, Earnings Per Share, changes the way publicly held companies measure and report earnings per share. It replaces primary earnings per share with basic earnings per share and fully diluted earnings per share with diluted earnings per share. The FASB's objectives were (1) to respond to...
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This study investigates the relative and incremental usefulness of operating cash flow and accounting earnings information in explaining the value of financially distressed firms. It extends our understanding of the price-earnings relationship in the context of financial distress. Unlike prior...
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