The project for developing the current standards for earnings per share reporting was the first major project

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The project for developing the current standards for earnings per share reporting was the first major project in which the FASB and the IASB collaborated in a formal way. Of course, now the FASB and the IASB have a very formal joint program to increase the international harmonization of accounting standards.
In two pages or less, address the following question: Why is it important for the FASB to work with the IASB to harmonize International Accounting Standards?
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Intermediate Accounting

ISBN: 978-1133957911

19th edition

Authors: Earl K. Stice, James D. Stice

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