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a. Discuss the differences between the financial capital maintenance abd the physical capital maintenance. b. What are the 5 steps in the revenue recognition process

a. Discuss the differences between the financial capital maintenance abd the physical capital maintenance.

b. What are the 5 steps in the revenue recognition process under the FASB asc 606? in detail please.

c. list 5 reasons why income reporting is crucial to our economic society.

Thanks in advance

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