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1. Explain what it means for the Codification's guidance to be authoritative. 2. Explain why the Codification was developed. 3. Aside from the FASB, name

1. Explain what it means for the Codification's guidance to be "authoritative." 2. Explain why the Codification was developed. 3. Aside from the FASB, name three other standard-setting bodies whose gu...

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