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As the led accountant for your theoretical company you have been assigned the task of researching the new FASB Accounting Standards Update (ASU) - 2014-09
As the led accountant for your theoretical company you have been assigned the task of researching the new FASB Accounting Standards Update (ASU) - 2014-09 relating to Revenue Recognition.
Research and analyze the ASU and give your own "personal" interpretation of how the new regulation could potentially impact your theoretical company.
Revenue from Contracts with Customers (Topic 606) No. 2014-09 May 2014
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