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The FASB requires that financial statements report com- prehensive income. Team Debate: Team 1: Defend comprehensive income. Your defense should relate to the conceptual framework
The FASB requires that financial statements report com- prehensive income. Team Debate: Team 1: Defend comprehensive income. Your defense should relate to the conceptual framework and to the con- cept of capital maintenance where appropriate. Team 2: Oppose comprehensive income. Your opposi- tion should relate to the conceptual framework and to the concept of capital maintenance where appropriate
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