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In the obsolete standards, FAS 162 and or 168 (the hierarchy of accounting information). In the topic/subtopic in the Codification for these obsolete FAS. Why

In the obsolete standards, FAS 162 and or 168 (the hierarchy of accounting information). In the topic/subtopic in the Codification for these obsolete FAS. Why is this hierarchy important, and how can it be applied to conducting research?

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