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The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), on June 24, 2010, circulated two exposure drafts for public comment titled Revenue from Contracts with Customers. Ultimately, do you believe that the area of revenue recognition is more suited for a principles-based approach or do you think that it is an area that inherently requires detailed specialized guidance?

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Accounting Basics, Accounting

Category:- Accounting Basics
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