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Discuss the appropriate treatment of each proposed arrange ment from the viewpoint of theauditor, who must apply U . S . GAAP in deciding whether

Discuss the appropriate treatment of each proposed arrange ment from the viewpoint of theauditor, who must apply U

.

.

GAAP in deciding whether the transaction will result in a liabilityto be recorded or whether note disclosure will suf

.

Does U

.

.

GAAP reporting result in anaccurate portrayal of the economics of the arrangement in each case?

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