Describe FASB codification, the reason for its formation; the way in which it changes GAAP, and identify the types of pronouncements comprised GAAP, prior to the codification.

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Chapter 1, Problem 12GI

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Describe FASB codification, the reason for its formation; the way in which it changes GAAP, and identify the types of pronouncements comprised GAAP, prior to the codification.

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