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The FASB Accounting Standards Codification a. Expanded the GAAP hierarchy. b. Includes guidance on state and local governmental accounting. c. Is the single authoritative source
The FASB Accounting Standards Codification
a. Expanded the GAAP hierarchy.
b. Includes guidance on state and local governmental accounting.
c. Is the single authoritative source of U.S. GAAP.
d. Increases the risk of noncompliance with GAAP.
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