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The joint project between the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) seeks to accomplish which of the following? Encourage

  1. The joint project between the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) seeks to accomplish which of the following?
  2. Encourage all countries to adopt U.S. GAAP
  3. Converge the two sets of standards currently used by the two organizations
  4. Create a brand new accounting system for businesses worldwide
  5. None of the above

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