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Posted by: exp
Price Quoted by Student: $1
Posted On: 2011-08-27 03:03:07
 
Question

E 8-20 FASB codification research

 

The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting principles.

 

Required:

1. Obtain the relevant authoritative literature on the disclosure of accounting policies using the FASB's Codification Research System at the FASB website (www.fasb.org).

2. What is the specific citation that describes the disclosure requirements that must be made by publicly traded companies for a LIFO liquidation?

3. Describe the disclosure requirements.


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