The chapter states that accounting income does not strictly measure changes in wealth.Provide two examples of changes
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The chapter states that “accounting income does not strictly measure changes in wealth.”Provide two examples of changes in wealth that would not be reported currently in the income statement. In each case, evaluate whether reporting these changes would improve the usefulness of the income measure.. LOP95
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Related Book For 
Financial Accounting Reporting And Analysis
ISBN: 9780324149999
6th Edition
Authors: Earl K. Stice, James Stice, Michael Diamond, James D. Stice
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