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ASU 2013-07 required to use the requires organizations to use the liquidation basis for preparing financial statements when liquidation is imminent. Required : a. How

ASU 2013-07 required to use the requires organizations to use the liquidation basis for preparing financial statements when liquidation is imminent. Required

: a. How is liquidation defined in this release?

b. When is liquidation considered imminent

c. How are financial statements prepared using the liquidation basis of accounting?

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