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Question 2 : The first step taken in the establishment of a typical FASB statement is: o topics are identified and placed on the board's
Question : The first step taken in the establishment of a typical FASB statement is:
o topics are identified and placed on the board's agenda.
o the board evaluates the research and public response and issues an exposure draft.
o a public hearing on the proposed standard is held.
o the board conducts research and analysis and a discussion memorandum is issued.
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