Intermediate Accounting 2 Financial Reporting: Its Conceptual Framework Statements of Financial Accounting Concepts issued by FASB Concepts statement No. 5 Recognition and Measurement in financial Statements of Business Enterprises Issue Date 12/84) Concepts Statement No 6 Elements of Financial Statements--a replacement of fAsb Concepts Statement No. 3(incorporating an amendment of FasB Concepts Statement No. 2) (Issue Date 12/85) ContinuedIntermediate Accounting 2 Financial Reporting: Its Conceptual Framework Statements of Financial Accounting Concepts issued by FASB ➢ Concepts Statement No. 5 Recognition and Measurement in Financial Statements of Business Enterprises (Issue Date 12/84) ➢ Concepts Statement No. 6 Elements of Financial Statements—a replacement of FASB Concepts Statement No. 3 (incorporating an amendment of FASB Concepts Statement No. 2) (Issue Date 12/85) Continued