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FASB/IASB Conceptual Framework project started in 2005 on the concept of income in relation to Hicks (1946) definition of income. Evaluate the processes and the

FASB/IASB Conceptual Framework project started in 2005 on the concept of income in relation to Hicks (1946) definition of income. Evaluate the processes and the work plan. Can the project be expected to lead to superior financial reporting?

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