Question: Requirement: Please answer below questions and upload your work to Canvas for 10 extra points. No word limit; please make sure to cite your work.

Requirement: Please answer below questions and upload your work to Canvas for 10 extra points. No word limit; please make sure to cite your work.

  • What are cryptocurrencies?
  • Why are cryptocurrencies so popular at the moment?
  • How should cryptocurrencies be classified on the financial statements?
  • What are regulations (SEC, IRS, FASB, IFRS) around cryptocurrencies?
  • Based on your research, do cryptocurrencies have a future?
  • Below are the logins for the FASB Codification: http://aaahq.org/Research/FASB-GARS (Links to an external site.) (Links to an external site.)
  • username: AAA52925
  • password: TSCR36k

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