Why we do not choose one or other for financial reporting

Reference no: EM132745236

Question: The current approach to financial reporting is a combination of the information perspective and the measurement (valuation) perspective. , explain these two approaches/perspectives on financial reporting.

Explain why, in the real world, financial reporting is a blend of these two approaches, i.e. why we don't choose one or the other for all financial reporting.

Reference no: EM132745236

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