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Discuss the current operating performance concept of income

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Reference no: EM132025778

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1- What are the major changes between Statement of Financial Accounting Concept 2 and Statement of Financial Accounting Concept 8, which superseded Statement of Financial Accounting Concepts 1 and 2? The SFACs are on Blackboard under Course Content.

2- Discuss the current operating performance concept of income and the all-inclusive concept of income. Is comprehensive income consistent with either of the two? Discuss why or why not.

Reference no: EM132025778

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