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13. How is the Accounting Standard Codification structured? It is divided into: a. Chapters, topics, sections, and paragraphs b. Topics, sections, subsections and paragraphs C.

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13. How is the Accounting Standard Codification structured? It is divided into: a. Chapters, topics, sections, and paragraphs b. Topics, sections, subsections and paragraphs C. Chapters, sections, subsections, and paragraphs d. Topics, subtopics, sections, and paragraphs e. None of the above. 14. In Accounting Standard Codification (ASC) 360-20-35-2, what does 360 represent? a. Chapter b. Topic C. Section d. Paragraph e. None of the above. 15. Chuku Airline has just added a new aircraft to its fleet. Chuku's accountant who is new is unsure where to go in the Codification to get guidance. As a friend he calls you SOS for guidance. You consult ASC and find the answer. The ASC reference of the Topic, Subtopic, and Section is a. 360-10-30 b. 310-10-35 C. 908-360-30 d. 920-350-50 e. None of the above

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