Question
FASB and IASB have proposed extending the operating, investing, and financing classifications to the other major financial statements. Why do you think FASB and IASB
FASB and IASB have proposed extending the operating, investing, and financing classifications to the other major financial statements.
Why do you think FASB and IASB are considering the above proposal? How could the other financial statements (Income, Statement of OE, Balance Sheet) benefit from the proposal and what do you think this would look like?
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Financial Accounting Theory
Authors: William R. Scott
7th edition
132984660, 978-0132984669
