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FASB Simplifies Transition to Equity Method of Accounting

by Ken Tysiac | Mar 17, 2016   ()

FASB’s efforts to simplify accounting continued Tuesday, when the board issued a standard eliminating the requirement to retroactively adopt the equity method of accounting when an investment qualifies for use of the equity method as a result of an increase in the level of ownership or degree of influence. Read More

Source: Journal of Accountancy

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