Please answer the following two questions. There are no minimum words. I need quality over quantity and it must not be plagerized. Your immediate assistance will be greatly appreciated. 1) How is

Please answer the following two questions. There are no minimum words. I need quality over quantity and it must not be plagerized. Your immediate assistance will be greatly appreciated.

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

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