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18. Which additional areas in the guidance are considered "required reading" for a researcher who has found general guidance in the Initial Measurement section, but who needs to be sure his or her search was thorough? (Name three other areas the researcher should consider.)

18. Which additional areas in the guidance are considered "required reading" for a researcher who has found general guidance in the Initial Measurement section, but who needs to be sure his or her search was thorough? (Name three other areas the researcher should consider.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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18. Which additional areas in the guidance are considered "required reading" for a researcher who has found general guidance in the Initial Measurement section, but who needs to be sure his or her search was thorough? (Name three other areas the researcher should consider.) 19. What is the name of the guidance currently issued by the FASB to update the Codification? Is this guidance considered "authoritative" in its own right? 20. When should a researcher rely on guidance shown under "Pending Content" instead of existing content? 21. What is the purpose of the cross-reference feature in the Codification? When might this feature be useful to a researcher? 22. What type of entity is permitted to apply accounting alternatives in the Codification? If a company elects to apply a given accounting alternative, does it mean the company must apply all of the available accounting alter- natives? Explain.
Transcribed Image Text:18. Which additional areas in the guidance are considered "required reading" for a researcher who has found general guidance in the Initial Measurement section, but who needs to be sure his or her search was thorough? (Name three other areas the researcher should consider.) 19. What is the name of the guidance currently issued by the FASB to update the Codification? Is this guidance considered "authoritative" in its own right? 20. When should a researcher rely on guidance shown under "Pending Content" instead of existing content? 21. What is the purpose of the cross-reference feature in the Codification? When might this feature be useful to a researcher? 22. What type of entity is permitted to apply accounting alternatives in the Codification? If a company elects to apply a given accounting alternative, does it mean the company must apply all of the available accounting alter- natives? Explain.
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