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Which of the following reasons were given for creating the new revenue standard? Multiple Choice U.S. Congress requires that accounting standards be renewed every 10

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Which of the following reasons were given for creating the new revenue standard? Multiple Choice U.S. Congress requires that accounting standards be renewed every 10 years. U.S. accounting standards must be updated whenever the International Accounting Standards Board updates its standards The development of new information technologies made previous revenue standards outdated. The new revenue standard will apply across Industries better than the fragmented set of standards that it replaces

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