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Please answer the following two questions. There are no minimum words.
1) How is the FASB ASC expected to improve the practice of accounting?
2) What should an accountant do if the guidance for a particular transaction or event is not specified within the FASB ASC?
Additional Requirements
Level of Detail: Only answer needed
Other Requirements: If you use a specific resource, please cite.
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What happens to the fundamental accounting equation when the sole proprietor of a business invests more cash in it
Short Term Financial Policy
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