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On the FASB website, locate Concepts Statement No. 5 by clicking Concepts Statements, and then Concepts Statement No. 5. What method of reporting is prescribed

On the FASB website, locate Concepts Statement No. 5 by clicking "Concepts Statements," and then "Concepts Statement No. 5."

  • What method of reporting is prescribed in Concept Statement No. 5?
  • What additional information for users do the notes to the financial statements provide, that is not provided in the financial statements?

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