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1. Indicate the rationale for each of the SFAS No. 48 tests before a revenue is recognized 2. Is SFAS No. 48 an example of

1. Indicate the rationale for each of the SFAS No. 48 tests before a revenue is recognized

2. Is SFAS No. 48 an example of finite uniformity or of circumstantial variables as developed by Cadenhead (Ch 9)

3. Discuss the role of future events in SFAS No. 48

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