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Bonus assignment: In 2004, the IASB and FASB began undertaking a project to develop a common framework. Discuss in a short paragraph (4-5 sentences

Bonus assignment: In 2004, the IASB and FASB began undertaking a project to develop a common framework. Discuss in a short paragraph (4-5 sentences maximum) the current status of that project; i.e., what is its status in 2022?

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