#10 Locate EITF 01-3. Why is this EITF presented in grey shading? (Look carefully at the bracketed text at the top of the standard.) Also, would you expect this guidance to have been incorporated in the Codification? Explain.

Exercises involving ASUs and pre-Codification standards 9. Identify the pre-Codification standard that cross-references to ASC 450-20-25-1 (Loss Contingencies). Next, go to par. 59 of that pre-Codification standard. What was the Board intending to prevent by requiring that losses be "reasonably estimable"? 10. Locate EITF 01-3. Why is this EITF presented in grey shading? (Look carefully at the bracketed text at the top of the standard.) Also, would you expect this guidance to have been incorporated in the Codification? Explain