Question: Using the FASB, the IASB website, and your Learning Resources, locate examples of the current and proposed formats of financial statements. Write a 2- to

Using the FASB, the IASB website, and your Learning Resources, locate examples of the current and proposed formats of financial statements. Write a 2- to 4-page paper analyzing how the two statements are derived from the conceptual framework. Be sure to compare (similarities and differences) both the formats and effectiveness of FASB's and IASB's (financial position) financial statements, statement of cash flows, and income statement. What insights or what conclusions can you draw based upon your comparison? Provide examples of the current and proposed formats to support your conclusions.

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