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1.What is FASB and what role do they have with financial statements? 2.What is the purpose of this institution in relation to the accounting profession?

1.What is FASB and what role do they have with financial statements?

2.What is the purpose of this institution in relation to the accounting profession?

3.What has been their trajectory over the years?

4.Using FASB summarize and perform an analysis of its effect on the accounting financial statements for Income statement, Lease, and Technical corrections.

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