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Today's accounting professional must be able to understand and critically evaluate a variety of contexts and situations to develop the best solution to a particular

Today's accounting professional must be able to understand and critically evaluate a variety of contexts and situations to develop the best solution to a particular circumstance. Consider your professional experience and knowledge gained from reading as you answer the following Discussion question:

What does it mean to critically evaluate an economic event or resource in the context of an accounting standard; what is actually being evaluated and how? Based upon your professional experience, provide an example of an event that you would have or have critically evaluated.

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