question archive the FASB's standard- setting process includes, in the correct order
the FASB's standard- setting process includes, in the correct order
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the FASB's standard- setting process includes, in the correct order.
a. research, exposure draft. discussion paper Accounting Standards Update
b. discussion paper,research, exposure draft, accounting standards Update.
c. Research, discussion parer, exposure draft, Accounting Standards Update.
d. Exposure draft, research, discussion paper, Accounting Standards Update
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Answer is c,
step 1 the board research whether to add a project to agenda on basis of analysis. Then the board issue discussion paper to obtain input in early stage of project.then board issue exposure draft and finally the accounting standard are updated
