The FASB and IASB discontinued is joint income statement that would disaggregate more information and segregate the statement operating. Investing, and financial activities. The project is an indication of deficiencies in the current income statement approach. Without adopting the current model, describe what you believe would be an ideal income statement. Describe the recognition and measurement approach you would adopt. Moreover, provide support for why you would chose your method for reporting the income statement. Feel free to be creative and think outside the box in your answers