U.S. GAAP Recent Developments – Accounting Questions and Answers

Channel: U.S. GAAP Recent Developments – Accounting Questions and Answers

Extraordinary and Unusual Items, ASU 2015-01

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December 3, 2015, 9:17 pm

FASB issued an Accounting Standards Update, ASU 2015-01, in January 2015 Topic: Income Statement – Extraordinary and Unusual Items (asc 225-20) The concept of extraordinary items was eliminated....

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