Respond to the following:
a.What is meant by the "articulated" approach to financial statements?
b.How does the revenue-expense approach differ from the asset-liability approach for defining accounting elements?
c.What, if any, would be the advantage of using a non-articulated approach to financial statements?

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The Answer of Respond to the following:
a.What is meant by the "articulated" approach to financial statements?
b.How does the revenue-expense approach differ from the asset-liability approach for defining accounting elements?
c.What, if any, would be the advantage of using a non-articulated approach to financial statements?

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