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Under the new FASB ASC No. 718, different codes and standards now apply for case 15-1 for this specific accounting theory question. I don't know
Under the new FASB ASC No. 718, different codes and standards now apply for case 15-1 for this specific accounting theory question. I don't know if this answer is still accurate within the 12th edition. Is there any possibly way to clarify what new way this would be answered or is this answer still acceptable to this day in 2019?
-William
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