Multiple Choice
All the following are true regarding the FASB Accounting Standards Codification except:
A) The Codification changes the way GAAP is documented, presented, and updated.
B) The goal of the Codification was to provide one place where all authoritative literature about a particular topic could be found.
C) The purpose of the Codification is to create new GAAP.
D) The Codification was created to simplify user access.
Correct Answer:
Verified
Correct Answer:
Verified
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