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fasb rsquo s conceptual framework explains both financial and physical capital maint 602587

FASB’s conceptual framework explains both financial and physical capital maintenance concepts. Which capital maintenance concept is applied to currently reported net income, and which is applied to comprehensive income?

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Currently reported net income

Comprehensive income

a.

Financial capital

Physical capital

b.

Physical capital

Physical capital

c.

Financial capital

Financial capital

d.

Physical capital

Financial capital

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