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1) Find the code that supports this statement under FASB (ex: 310-52-22-1) Gain contingencies are not recognized in financial statements 2) What is the objective

1) Find the code that supports this statement under FASB (ex: 310-52-22-1)

"Gain contingencies are not recognized in financial statements"

2)

What is the objective of reporting basic earnings per share?

Please make sure to cite your answer from the FARS Codification using a complete citation. For example: 123-45-67-8a-c.

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