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Access the FASB website (www.fasb.org(Links to an external site.) ). Hover your mouse to the Standards tab,and on the drop down menu, click on Accounting

Access the FASB website (www.fasb.org(Links to an external site.)

). Hover your mouse to the Standards tab,and on the drop down menu, click on Accounting Standards Updates Issued. Thoroughly read thelast twostandard updates. Describe each standard update and what it added to the existing authoritative accounting literature.

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