The IASB and FASB Are Working on Several Joint Projects

The IASB and FASB are working on several joint projects.What is the purpose of the Business Combinations Project?

A) to provide guidance on the application of the purchase method.
B) to enhance the usefulness of information in assessing the financial performance of the reporting enterprise.
C) to develop a common comprehensive standard on revenue recognition.
D) to develop a common conceptual framework that both boards can use as a basis of futures standards.
E) to allow pooling of interests accounting.