Question: Eventhough the Accounting Standards Code (ASC) does not provide guidance on cryptocurrencies currently cite current standards from the ASC to predict what guidance on cryptocurrencies

Eventhough the Accounting Standards Code (ASC) does not provide guidance on cryptocurrencies currently cite current standards from the ASC to predict what guidance on cryptocurrencies may look like in the future. What might the correct balance sheet presentation and valuation look like. How might gains and losses be measured? Include the ASC standard in your response. Note: this is a hypothetical

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