SFAS No. 133 (213 pages), 149 (78 pages), and 155 (27 pages) define standards for derivatives in

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SFAS No. 133 (213 pages), 149 (78 pages), and 155 (27 pages) define standards for derivatives in 318 pages. How do you think a principles-based approach to setting standards would affect their length? Explain.

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