Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 1 - Financial Accounting and Accounting Standards - Concepts for Analysis - Instructions - Page 25: CA1-3(3)

Answer

(d)

Work Step by Step

(d) any accounting guidance included in the FASB codification. GAAP is not limited to the accounting standards set up by FASB but includes all the accounting procedures, guidance, widely accepted rules, definitions, and principles which are to be followed for the preparation of financial statements.
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