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Read the following articles from CFO magazine and answer the following question: Do you agree with the statement that For FASB's part, FAS 160 is

Read the following articles from CFO magazine and answer the following question:

Do you agree with the statement that "For FASB's part, FAS 160 is just one more step in its hunt for greater transparency and more simplicity in financial reporting"?

Articles: FASB rule spawns a second bottom line, Maria Leone, December 7, 2007 for some, minority interests will be a major boost.

Maria Leone, April 18, 2008 comment on how FASB 160 changed the accounting for non controlling (minority) interests with specific examples.

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