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FASB ASC Guide > FASB ASC 808

The Financial Accounting Standards Board (FASB) released the 800 section of the Accounting Standards Codification for the purpose of discussing broad topics. Accounting Standards Codification 808 (ASC 808) was released to address the more specific topic of collaborative arrangements and endeavors. As at times businesses do not always enter an arrangement entirely by themselves, this topic is necessary to address those issues that come up when collaboration is entered.

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