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Describe the similarities and differences in accounting for revenue recognition under the international standards and the FASB standards. Identify (in general terms) the possible impact
- Describe the similarities and differences in accounting for revenue recognition under the international standards and the FASB standards.
- Identify (in general terms) the possible impact on the financial statements of Apple Inc company changing from FASB to IFRS.
- How should these items be disclosed under IFRS and FASB?
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