1. Where do analysts get financial information about companies? What are their concerns about the information?
2. Financial analysts are generally optimists who believe what they're told. Right or wrong? Explain.
3. If a company's cash account increases from the beginning to the end of the year, there's more cash on hand so that must be a source of cash. Yet the cash account is an asset, and the first cash flow rule says that an asset increase is a use of cash. Explain this apparent conflict.