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What were common failings of both the CAP and APB? Does the FASB have similar problems? What aspects of accounting theory are common to ARS

What were common failings of both the CAP and APB? Does the FASB have similar problems?

What aspects of accounting theory are common to ARS 1, ARS 2, ASOBAT, and the Conceptual Framework? What are major differences?

How has the view of accounting progressed from the early 1900's to contemporary time? What were some major key change factors?

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