In 2009, when the Codification was populated with original accounting standards, what happened OThey were superseded and became nonauthoritative. OThey remained equally as authoritative as the Codification. OThey remained authoritative, but now have a lesser degree of authority than the Codification.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In 2009, when the Codification was populated with original accounting standards, what happened
OThey were superseded and became nonauthoritative. OThey remained equally as authoritative as
the Codification. OThey remained authoritative, but now have a lesser degree of authority than the
Codification.
Transcribed Image Text:In 2009, when the Codification was populated with original accounting standards, what happened OThey were superseded and became nonauthoritative. OThey remained equally as authoritative as the Codification. OThey remained authoritative, but now have a lesser degree of authority than the Codification.
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