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Problem: Applied Research Exercises in the FASB Codification Project
You will be asked to use the ASC to probe various accounting issues. There are three types of ASC research questions in the problem:
Part 1: Providing ASC references: Identifying the ASC reference at the paragraph level that you would look to for guidance on various issues
Part 2: Short answer research questions: Using the FASB Codification to provide conclusions on a variety of short accounting research questions.
Part 3: Short research cases: Evaluating the proper accounting treatment for several research cases by outlining a research question and using the FASB Codification
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