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Revenue Recognition:

What are the steps for Revenue Recognition under the new GAAP? When is the new GAAP transition period? What decisions must companies make when they first apply the new GAAP? What other issues will affect companies and investors?

Integrated Reporting1 Running head: ACCOUNTING ANALYSIS Accounting AnalysisStudent’s NameInstitution 2 ACCOUNTING ANALYSISAccounting AnalysisThe ASC is the source of the authoritative accepted accounting

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