Prepare a briefexplanation about the Auditor’s Opinion of the 2020 Consolidated Financial Statements.What does it communicate to the users of these statements and why is it important?b)Determine the amount of dividendsthat Empirepaidin 2020. On which financial statement (s) did you find this information?c)Review the 2020 consolidated statement of cash flows.What does it communicate to the financial statement users?d)Interpret the company’sconsolidated statement of cash flows by identifying these four(4) items:a. cash flows generated from operating activities in 2020.b. cash payments to purchaseproperty, plant, and equipment in 2020.c. cash proceeds from the repurchase and cancellation of common shares in 2020.d. cash flows generated from (used for) financing activities in 2020e)Briefly explain the difference between Management’s Statement of Responsibilityfor Financial Reportingand the Independent Auditor’sReportf)The Notesto the Consolidated Financial Statements can be extensive but informativefor all stakeholders.Explain how Note 1 enhances your understanding of the company

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