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In December 2012, the FASB issued a proposed Accounting Standards Update (i.e., an Exposure Draft), Financial Instruments - Credit Losses (Subtopic 825-15) and solicited constituent

In December 2012, the FASB issued a proposed Accounting Standards Update (i.e., an Exposure Draft), Financial Instruments - Credit Losses (Subtopic 825-15) and solicited constituent feedback. How would you expect a company (preparer) might react to this proposed standard compared to how a banker (investor) might react? Explain.

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