From: [Kaiyuan Jiang] Date: [10/11/2014] Re: [Changes of the financial statements under the new revenue standard] On May, 2014, the FASB and IASB issued a new standard on revenue from contracts with customers. Under the new revenue recognition standard, I believe there are some changes in your company’s financial statements. I will answer and analysis those questions you asked. According to the new standard on revenue from contracts with customers, I will suggest the March 1, 2014 contract should…
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