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The Following Are Part of the "Due Process" System Used

Question 86

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The following are part of the "due process" system used by the FASB in the evolution of a typical FASB Accounting Standards Update:
1. Exposure Draft
2. FASB Accounting Standards Update"
3. Preliminary ViewsThe chronological order in which these items are released is as follows:"


A) 1, 2, 3.
B) 1, 3, 2.
C) 2, 3, 1.
D) 3, 1, 2.

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