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Use Accounting Standard Codification (ASC from FASB.org website) identify and briefly describe three accounting areas...

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Accounting

Use Accounting Standard Codification (ASC from FASB.org website) identify and briefly describe three accounting areas where the expected present value methodology discussed in Concepts Statement 7 (CON 7) is specifically cited as the basis of measurement of an asset or liability (or where the literature recommends it as the basis of measurement).

Please Include the proper ASC references and a brief discussion of each in your answer.

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