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FASB ASC Guide > FASB ASC 460

The Financial Accounting Standards Board (FASB) released the 400 section of the Accounting Standards Codification for the purpose of discussing the braod topic of Liabilities. Accounting Standards Codification 460 (ASC 460) was released to address the more specific topic of recording liabilities for guarantees made by the company which may be exercised in the future.

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