The IASB and FASB are working on several joint projects. What is the purpose of the Financial Statement Presentation Project? (Points : 1.5)
A. to provide guidance on the application of the acquisition 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 for future standard-setting.
E. to agree upon financial statement titles that will have no differentiation after translation to various languages.