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QUESTION 3 FASB was established to: Allow for alternative ways of recording business transactions for small companies Change the CPA exam to make it more
QUESTION 3 FASB was established to: Allow for alternative ways of recording business transactions for small companies Change the CPA exam to make it more current by including the use of technology Develop accounting principles Ensure more students will be eligible to take the CPA exam QUESTION 4 The accounting equation is: O Assets = Labilities + Equity O Debits = Credits Revenue - Expenses - Net Income Revenue Equity
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