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1. What are the major goals of the FASB ASC? 2. How is the FASB ASC expected to improve the practice of accounting? 3. What

1. What are the major goals of the FASB ASC?

2. How is the FASB ASC expected to improve the practice of accounting?

3. What Literature is now contained in the FASB ASC?

4. What should an accountant do if the guidance for a particular transaction or event is not specific within the FASB ASC?

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500 words

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one scholarly article

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