For some new asus fasb makes the effective date later for, Ask an Expert

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For some new ASUs, FASB makes the effective date later for nonpublic entities than it does for public entities. For ASU 2012-02, FASB did not make this distinction.

Required:

(a) Why does FASB, at times, make the effective date for nonpublic entities later than the effective date for public entities?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9980421

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