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Dissolve yeast in warm water in a small bowl; let stand 5 minutes.
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Combine flour and next 4 ingredients in a large bowl. Cut in shortening with a pastry blender until mixture resembles coarse meal.
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Add yeast mixture and buttermilk; stir just until moist. Cover and chill 1 hour.
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Preheat oven to 450°.
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Turn dough out onto a heavily floured surface; knead lightly 5 times. Roll dough to a 1/2-inch thickness; cut with a biscuit cutter. Place on a baking sheet coated with cooking spray.
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Bake at 450° for 13 minutes or until golden.
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Option One: The dough comes out very, very wet. You can either make drop biscuits or add more flour and cut the biscuits.
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Option Two: The dough can sit, covered for up to a week in the fridge. Cut out as much biscuits that are needed and bake as usual. ~ or ~ add more flour to the dough, cut into biscuits and freeze. To bake: thaw the amount of biscuits needed on the counter, covered with a dish towel (about 1/2 hour). Bake for 13 - 15 minutes or until golden.
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The amount of biscuits depend on the application you use and the size of biscuit cutter you have.