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Case Study #3 Searching for Superseded or Outdated Standards 25 points (Developed by AICPA...

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Accounting

Case Study #3 Searching for Superseded or Outdated Standards 25 points (Developed by AICPA Financial Reporting Alert & Modified) Since the FASB Codification includes guidance that is effective as of 12/31/08, standards superseded after that date will be included in the appropriate Archive section. REQUIRED: a. Using FASB ASC 470-50-40 as an example, when typed into the Go To, top left, you will see an Archive Tab. Copy and paste the Updated and superseded Extinguishments of Debt paragraphs 1-3. What was the date and version number of the superseded one? What is the version number of the updated one?

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