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Review the requirements of Financial Accounting Standard Board (FASB) 8 and 52 and provide a summary of at least 5 sentences that describe the tax

Review the requirements of Financial Accounting Standard Board (FASB) 8 and 52 and provide a summary of at least 5 sentences that describe the tax consequences of a C-Corp disposition. Tell me 2 real-life situations where these standards are needed to avoid discrepancies among international investments.

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