FASB ASC 440 – Commitments
The Financial Accounting Standards Board (FASB) released the 400 section of the Accounting Standards Codification for the purpose of discussing the broad topic of Liabilities.
Accounting Standards Codification 440 (ASC 440) was released to address the more specific topic of liabilities which must be recorded for commitments.
For more in depth information on this and other FASB ASC topics, check out the following books.
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