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Vy HuynhAcct 346 Effective Writing 5-71. The Board of Directors met in December 12, 2014 in Charlotte, North Carolina. 2. To increase the revenues from its new product, the company introduced an advertisingcampaign in New York, Chicago and Los Angeles. 3. The biggest problem in our firm, however, is obsolete inventories. 4. The firm hired two new auditors, thus the work would be finished on time.5. For example, Elixir Products should consider the FASB’s Accounting Standards Codification® Topic 840, which deals with leases. 6. The auditors revealed several problems in Thompson Company’s financial records