Question: Please answer the following in own words: 1) Create a list of FASB accounting standards that have been converged with IFRS. State the FASB topic

Please answer the following in own words:

1) Create a list of FASB accounting standards that have been converged with IFRS. State the FASB topic name and ASC number (ex. Standard topic name: ASC XXX-XX-XX-X).

2) Which FASB accounting standard(s) are next in line to converge with an IFRS standard?

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