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According to SFAC No. 5, what does it establish regarding financial statements? According to SFAC No. 5, what does it establish regarding financial statements? Recognition

According to SFAC No. 5, what does it establish regarding financial statements? According to SFAC No. 5, what does it establish regarding financial statements? Recognition criteria for assets only Recognition criteria and guidance for information in financial statements Detailed definitions of expenses and gains The concept of equity in financial statements

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