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All of the following are true regarding the FASB Accounting Standards Codification (ASC) except
a. research should be simplified and faster
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Question & Answer: All of the following are true regarding the FASB Accounting Standards Codification (ASC) except…..
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b. changes are publicized through an ASU
c. SFAS will no longer be issued
d. it does not include all forms of GAAP
Expert Answer
the FASB Accounting Standards Codification (ASC) contains
a. research should be simplified and faster
b. changes are publicized through an ASU
c. SFAS will no longer be issued
So the option is D.it does not include all forms of GAAP
