Question: Complete the table below: a. Identify two (2) accounting standards followed in formatting financial data. b. Outline how each accounting standard is applied in formatting

Complete the table below:

a. Identify two (2) accounting standards followed in formatting financial data.

b. Outline how each accounting standard is applied in formatting financial data, including:

⦁ At least two (2) types of financial statements included in the standard. The prescribed structure and content of each financial statement.

1. Accounting Standard

2. How the standard is applied in presenting financial data

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