Question: Consider whether the following Codification references use strong or weak language. a. I found the following guidance in ASC 330-10-30-1, The primary basis of accounting

Consider whether the following Codification references use strong or weak language. a. I found the following guidance in ASC 330-10-30-1, "The primary basis of accounting for inventories is cost . . ." a. Strong reference b. Weak reference b. According to ASC 720-15-25-1, "Costs of start-up activities, including organization costs, shall be expensed as incurred." a. Strong reference b. Weak reference c. GASB Statement No. 51 requires that ". . . all intangible assets not specifically excluded by its scope provisions be classified as capital assets." (Summary page). a. Strong reference b. Weak reference

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