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As Covid-19 spreads globally, we expect companies to experience complex accounting and reporting issues across multiple areas of their financial statements. Companies will have to

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As Covid-19 spreads globally, we expect companies to experience complex accounting and reporting issues across multiple areas of their financial statements. Companies will have to determine whether those issues, as well as others, will affect them. Explain the possible issues in all areas affecting companies and accounting accommodations related to: a. Revenue recognition (LO4, LO6, 15 points) b. Assets impaired (LO4, LO6, 15 points) c. Debt covenant (LO4, LO6, 10 points)

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