(Answered) Question write 500 words for each questionscodification

Accounting

Question: Write 500 words for each questions.

Codification: 1) Refer to FASB 162 (the hierarchy of accounting information). Why is this hierarchy important, and how can it be applied to conducting research?

Business research: 2) In the AICPA's website, find a recent news article. Describe the article's impact on accounting research to the class.

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