Therefore, at the end of a financial period, all losses and gains will have been captured in
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"Therefore, at the end of a financial period, all losses and gains will have been captured in the income statement without specific details of where the gains and losses came from an organization’s operations. This makes things quite complicated to understand what a company should stop doing to avoid losses and what an organization should keep on doing to keep the gains higher. There’s where an item is reported completely matters." Could you please explain why you think the all-inclusive concept buries information whereas the current operating performance concept highlights it?
Related Book For
Financial and Managerial Accounting Information for Decisions
ISBN: 978-0078025761
6th edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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